Time to transform capital and financial market: Expert
KUCHING: The country requires a capital and financial market that is competitive, with low transaction costs and minimal bureaucracy. Senior lecturer at Universiti Malaysia Sarawak’s Faculty of Economics and Business, Dr Dzul Hadzwan Husaini, said this is the quickest approach to increase demand for holding the ringgit and, as a result, raise the ringgit’s competitiveness […]
Ringgit likely to trade between 4.38 and 4.40 level against US dollar next week
KUALA LUMPUR, Dec 3 (Bernama) — The ringgit is expected to trade between the 4.38 and 4.40 level against the US dollar next week with an upward bias, especially if foreign exchange (FX) markets continue to price in a slowdown in the US interest rate hike cycle with Malaysia’s new Cabinet offering further support. SPI Asset […]
BNM says ringgit will continue to be ‘market determined’
KUALA LUMPUR: Bank Negara Malaysia (BNM) said it will continue to closely monitor and ensure orderly financial market conditions amid external developments that have led to persistent strength in the US dollar against almost all currencies, including the ringgit. However, the central bank said that “ringgit movements will continue to be market determined and the […]
Ringgit expected to trade 4.07-4.10 against US dollar next week
KUALA LUMPUR: The ringgit is expected to witness cautious trading against the greenback next week on the possibility of higher 10-year United States (US) Treasury yields, which will likely increase the risk appetite for the US dollar, an analyst said. “Assuming that no surprises emerge from the US data this week, I expect the ringgit/US […]
