Ringgit to trade slightly higher next week amid quiet market
BY SITI NOOR AFERA ABU KUALA LUMPUR: The ringgit is expected to trade slightly higher against the US dollar next week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of the Christmas and New Year breaks. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said next week is […]
Will the ringgit continue to weaken?
KUCHING: A political observer is concerned that by January 2024, the ringgit will drop from RM4.70 to RM5 to per USD. Datuk Peter Minos pointed out that would not be a good thing as the country’s imports would be more expensive than ever. “On another note, the cost of living is higher than ever. I […]
Ringgit opens lower against US dollar
KUALA LUMPUR: The ringgit opened lower against US dollar as financial markets eagerly awaited the United States Federal Open Market Committee decision later tonight. At 9.05 am, the ringgit eased to 4.7675/7720 against the greenback from Tuesday’s close of 4.7615/7655. Opening Malaysian foreign exchange Gold Down The physical price of gold as at 9.30 a.m […]
Effectiveness of measures to address impact of weak ringgit among focus of parliament Tuesday
KUALA LUMPUR: The Dewan Rakyat sitting today will discuss, among other things, the effectiveness of the government’s measures in dealing with the impact of the weakening trend of ringgit against US dollar. According to the Order Paper on the Parliament’s official website, Prime Minister Datuk Seri Anwar Ibrahim will clarify this matter during the Minister’s […]
Ringgit opens higher against greenback as investors view mixed signals
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Wednesday as global investors digest market news that sends mixed signals as to the US Federal Reserve’s (Fed) next course of action, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid. At 9 am, the local note rose to 4.7200/4.7250 against […]
Ringgit falls against greenback in early trade
KUALA LUMPUR: The ringgit fell against the US dollar this morning as the greenback continued to be buoyed by bullish sentiments. At 9.15 am, the local note slid to 4.7050/7095 against the US dollar from Tuesday’s close of 4.6875/6915 ActivTrades trader Dyogenes Rodrigues Diniz said the market continues to believe that a rise in interest […]
Ringgit seen strengthening to 4.2, 4.3 against USD by year-end
KUALA LUMPUR: The ringgit is expected to strengthen to around the 4.2000/3000 range against the US dollar (USD) by the end of the year on the back of expected “easing trends” in the United States (US), according to Rakuten Trade Sdn Bhd. Its head of research Kenny Yee Shee Phin noted that the United States […]
Ringgit opens little changed against greenback
KUALA LUMPUR: The ringgit was little changed against the US dollar this morning amid weak sentiment across Asian currencies and the ongoing China property market woes. At 9 am, the local note climbed to 4.6845/6885 against the greenback from Monday’s close of 4.6850/6880. SPI Asset Management managing partner Stephen Innes expects the ringgit to trade […]
Ringgit opens slightly lower after US Fed keeps rate steady
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning after the US Federal Reserve (Fed) decided to pause rate hikes. At 9 am, the local note slid to 4.6890/6935 against the greenback from yesterday’s close of 4.6840/6880. Last night, the US Fed decided to keep the rate steady at between 5.25 […]
Ringgit opens slightly higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar this morning due to mild demand for the domestic note. At 9 am, the local note rose to 4.6925/6970 against the greenback from yesterday’s close of 4.6940/6980. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the […]
