Ringgit opens higher vs greenback, major Asean currencies
KUALA LUMPUR: The ringgit opened higher against the US dollar and major Asean currencies ahead of the release of the United States’ (US) inflation data, supported by soaring oil prices, said an analyst. At 9 am, the local note rose to 4.6720/6760 against the greenback from Tuesday’s close of 4.6755/6805. SPI Asset Management managing director […]
Ringgit continues uptrend against US dollar
KUALA LUMPUR: The ringgit continued to strengthen against the US dollar at the opening today, following the decline in the United States’ (US) producer price index (PPI) in June, said an analyst. At 9 am, the local note rose to 4.5425/5480 against the greenback from 4.5800/5845 at Thursday’s close. The US PPI came in lower […]
Ringgit ends little changed against US dollar
KUALA LUMPUR: The ringgit settled little changed against the US dollar today due to a lack of interest in the local unit. At 6 pm, the local note stood at 4.4730/4780 versus the greenback compared to Wednesday’s closing rate of 4.4710/4740. SPI Asset Management managing director Stephen Innes said the market players are […]
Ringgit continues downtrend to close lower
KUALA LUMPUR: The ringgit continued its downtrend this week to close lower today as market sentiment remained weak amid no fresh leads. At 6 pm, the local note depreciated to 4.4755/4805 versus the greenback compared to last Friday’s closing rate of 4.4335/4370. SPI Asset Management managing director Stephen Innes said local investors stayed on the […]
Ringgit continues to depreciate against US dollar
KUALA LUMPUR: The ringgit has continued to depreciate against the US dollar for the second consecutive day amidst persistent buying support for the safe-haven greenback, an analyst said. At 9 am, the ringgit fell to 4.4400/4440 versus the greenback from Tuesday’s close of 4.4310/4345. SPI Asset Management managing director Stephen Innes said there has been […]
Ringgit ends lower as US non-farm payrolls shocks Asian foreign exchange
KUALA LUMPUR: The ringgit ended lower against the US dollar today as the United States (US) non-farm payrolls data rattled the Asian foreign exchange, an analyst said. SPI Asset Management managing director Stephen Innes said US Treasury yields surged higher while global equities dropped after the US non-farm payroll data released last Friday – a […]
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 […]
Ringgit snaps three-day losing streak to end higher versus US dollar
KUALA LUMPUR: The ringgit edged up against the US dollar, snapping a three-day losing streak, as the local stock market’s improved performance and oil price rebound boosted market sentiment. At 6 pm, the ringgit rebounded to 4.0490/0530 against the greenback from 4.0570/0600 at Tuesday’s close. Axi chief global market strategist Stephen Innes said the local […]
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 […]
