Ringgit continues uptrend against greenback
KUALA LUMPUR: The ringgit continues its uptrend to open higher against the US dollar today as the greenback traded in a cautious mode ahead of the United States (US) nonfarm payrolls data (NFP) for August to be released later today, said an analyst. At 9 am, the local note stood at 4.6310/6360 against the US […]
Ringgit slightly higher against US dollar on mild buying interest
KUALA LUMPUR: The ringgit was slightly higher at opening on Tuesday, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at $63.69 per barrel, down by 1.13 per cent. At 9am, the ringgit stood at 4.0510/0550 versus the greenback from Monday’s close of 4.0550/0580. A dealer said […]
Ringgit lower versus US dollar, hobbled partly by crude oil market
KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday, hobbled partly by the domino effect of risk-off sentiment on the crude oil market as investors turned cautious ahead of next week’s Organisation of the Petroleum Exporting Countries (Opec) meeting. At 9am, the ringgit stood at 4.0530/0580 against the US dollar from Friday’s […]
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday, as the greenback retreated on the back of improved riskier asset demand with the progress in the vaccine rollout to curb Covid-19 infections, dealers said. At 9 am, the local currency stood at 4.0360/0420 against the US dollar from last Friday’s close of […]
Ringgit to continue upward momentum versus greenback next week
KUALA LUMPUR: The ringgit is expected to continue its positive momentum against the US dollar next week, driven by bullish outlook on the global economic development, a dealer said. Axi chief global market strategist Stephen Innes said the rise in US yields will likely pause, which would allow the local currency market to breathe a […]
An uphill battle for the Ringgit
By Aishah Mohmad Afandi KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession. Global unemployment rate had increased in April and May, especially in the United States (US) which saw more than 40 million […]
