Ringgit opens easier against greenback ahead of interest rate decisions
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today as investors await interest rate decisions by major central banks this week, an economist said. At 9 am, the local note eased to 4.6890/6940 against the greenback from yesterday’s close of 4.6870/6915. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr […]
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit opened higher against the greenback as the latest US inflation data strengthened hopes that the US Federal Reserve (Fed) would hold interest rates. At 9.05 am, the local note rose to 4.6750/6800 against the greenback from Wednesday’s close of 4.6785/6835. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted […]
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar and other major currencies on the rising expectation that the US Federal Reserve (Fed) would not raise interest rates when it meets next week. At 9.05 am, the local note climbed to 4.6720/6770 against the greenback from Monday’s close of 4.6725/6760. Bank Muamalat Malaysia […]
Ringgit opens strongly against greenback
KUALA LUMPUR: The ringgit opened on a strong note against the US dollar as well as most major Asian and non-Asian currencies, while the market eagerly anticipates the results of the Federal Open Market Committee (FOMC) meeting scheduled for Sept 19-20. At 9.11 am, the local note rose to 4.6700/6750 against the greenback from Friday’s […]
Ringgit eases, greenback strengthens amid inflation concerns
KUALA LUMPUR: The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets. At 9 am, the local note fell to 4.6750/6765 against the greenback from Wednesday’s close of 4.6720/6765. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid […]
Ringgit remains in narrow range against US dollar
KUALA LUMPUR: The ringgit traded in a narrow range as the US dollar continued to firm amid nervous sentiments following concerns over the bleak outlook for the global economy after disappointing China and European data. At 9 am, the local note fell to 4.6715/6760 against the greenback from Tuesday’s close of 4.6615/6655. Bank Muamalat Malaysia […]
Ringgit opens lower against greenback
KUALA LUMPUR: The ringgit opened lower against the US dollar today as market players have become more risk averse due to challenging global economic prospects, an analyst said. At 9 am, the local note eased to 4.6565/6590 against the US dollar from 4.6535/6575 at Monday’s close. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul […]
Ringgit opens flat vs US dollar, firmer against other currencies
KUALA LUMPUR: The ringgit opened almost flat against the US dollar today ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday, an analyst said. At 9 am, the local note stood at 4.6450/6525 against the US dollar from 4.6445/6485 at Friday’s close. Bank Muamalat Malaysia Bhd chief economist and social finance […]
Ringgit opens lower against greenback
KUALA LUMPUR: The ringgit opened lower against the US dollar today, as the greenback stayed firm following hawkish comments from the United States (US) Federal Reserve (Fed) chair Jerome Powell. Powell reiterated his defence for “higher for longer” rates at the Jackson Hole Symposium last Friday, which continued to support the greenback, said an analyst. […]
Ringgit opens higher
KUALA LUMPUR: The ringgit opened higher against the US dollar this morning on weaker manufacturing purchasing managers index (PMI) flash estimates for advanced economies, said an analyst. At 9 am, the local note rose to 4.6410/6455 against the greenback from 4.6575/6610 at Wednesday’s close. The latest manufacturing PMI prints for the United States (US), Europe […]
