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 […]
Ringgit opens lower
KUALA LUMPUR: The ringgit opened lower against the US dollar this morning as market participants awaited more signals from the US Federal Reserve (Fed) ahead of the Jackson Hole Symposium, said an analyst. At 9 am, the local note fell to 4.6555/6590 against the greenback from 4.6465/6495 at Tuesday’s close. The Jackson Hole Symposium – […]
Ringgit opens flat against US dollar
KUALA LUMPUR: The ringgit opened little changed against the US dollar this morning on mixed market sentiment as concerns over global growth have escalated following the recent cut in policy rate by the People’s Bank of China (PBOC), said an analyst. At 9 am, the local note fell marginally to 4.6470/6530 against the greenback from […]
Ringgit opens flat against greenback
KUALA LUMPUR: The ringgit opened little changed against the US dollar this morning as sentiments were mixed in light of the United States’ (US) thriving economy and China’s wobbling economy, said an analyst. At 9 am, the local note slightly rose to 4.6460/6500 against the greenback from 4.6465/6510 at last Friday’s close. SPI Asset Management […]
Ringgit opens easier as US dollar strengthens
KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) strengthened by 0.20 per cent to 103.419 points. Analysts said this came as the July Federal Open Market Committee (FOMC) meeting minutes revealed that the United States Federal Reserve (Fed) members were still concerned about […]
Ringgit extends downtrend against greenback
KUALA LUMPUR: The ringgit extended its downward trend against the US dollar this morning as the greenback strengthened amidst higher-than-expected United States (US) Retail Sales data on Tuesday, analysts said. At 9.02 am, the local note eased to 4.6425/6450 against the US dollar from 4.6335/6385 at the close yesterday. According to the US Commerce Department, […]
Ringgit opens lower against greenback
KUALA LUMPUR: The ringgit opened lower versus the US dollar today on further appreciation of the US dollar Index (DXY) as investors remain wary of the global growth prospect outlook especially in China. At 9.01 am, the local note declined to 4.6275/6295 against the US dollar compared with 4.6140/6175 at Monday’s closing. Bank Muamalat Malaysia […]
Ringgit opens lower against US dollar
KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade today given the prevailing sentiment in the market, which suggests a weaker outlook for global growth. At 9.01 am, the local note decreased to 4.5640/5695 against the greenback compared with 4.5575/5625 at Monday’s close. Bank Muamalat Malaysia Bhd chief economist and social […]
Ringgit opens on positive note against greenback
KUALA LUMPUR: The ringgit kick-started the week on a positive note, opening higher against the US dollar today as the US Dollar Index (DXY) declined on Friday last week. At 9.10 am, the local note rose to 4.5430/5500 against the greenback compared with 4.5515/5565 at Friday’s close. Bank Muamalat Malaysia Bhd chief economist and social […]
Ringgit likely to trade in tight range next week
KUALA LUMPUR: The ringgit is likely to maintain its tight range of RM4.54 to RM4.56 against the US dollar next week as investors are expected to closely monitor several data releases scheduled by the United States, said an analyst. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said tonight’s US Non-Farm Payrolls (NFP) report […]
