LONDON: The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies. The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on...
KUALA LUMPUR: The ringgit maintained its upward momentum and opened higher against the US dollar on Friday, despite the greenback's strength driven by expectations about the United States (US) administration’s trade policy. At 8 am, the ringgit was trading at 4.4665/4715 against the greenback, up from 4.4670/4715 at Thursday's close. In anticipation of pre-trade conditions, a dealer...
KUALA LUMPUR: The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter. At 6 pm, the ringgit rose to 4.4670/4715 versus the greenback from 4.4845/4900 at Tuesday’s close. The ringgit has outperformed other Southeast Asian currencies year to date by posting nearly a 2.8 per cent...
KUALA LUMPUR: The ringgit was almost flat against the US dollar in early trade on Friday, despite the higher US dollar index (DXY), said an analyst. At 8.13 am, the ringgit stood at 4.4350/4450 against the US dollar from Thursday’s close of 4.4350/4.395. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY...
KUALA LUMPUR: The ringgit closed a little lower against the greenback for the second consecutive day on Tuesday on caution amid ongoing uncertainties in the Middle East and ahead of the US consumer price index (CPI) report due tomorrow. At 6 pm, the local currency slid to 4.4250/4300 against the US dollar, compared to yesterday’s close...
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Monday due to a decline in the US Dollar Index (DXY) following its recent two-year high, according to an analyst. At 8 am, the local currency stood at 4.4650/4765 against the US dollar, compared with Friday’s close at 4.4660/4710. Bank Muamalat Malaysia Bhd chief economist...
KUALA LUMPUR: The ringgit staged a rebound on Friday after recent losses to finish the week higher against the American dollar despite a rising greenback buoyed by anticipation of slower US interest rate cuts, an economist said. At 6 pm, the local note rose by 125 basis points to 4.4715/4780 against the greenback compared with yesterday’s...
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback. At 8 am, the local note traded slightly better at 4.4330/4465 against the greenback compared with Tuesday’s close of 4.4365/4400. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid...
KUALA LUMPUR: The ringgit was traded easier against the US dollar at today’s opening with demand for the greenback improving on the back of global political and economic uncertainties, an economist said. At 8 am, the ringgit weakened to 4.3850/3995 against the US dollar from last Friday’s close of 4.3800/3850. Bank Muamalat Malaysia Bhd chief economist Dr...
KUALA LUMPUR: The ringgit ended firmer against the greenback on Monday ahead of an expected US interest rate cut this week amid the heightened uncertainties over the US presidential election tomorrow, said an economist. At 6 pm, the local note rose to 4.3715/3765 against the greenback from Friday’s close of 4.3780/3835. Bank Muamalat Malaysia Bhd chief economist...
