Ringgit may continue to be under pressure against US dollar next week
KUALA LUMPUR: The ringgit may continue to be pressured downward against the US dollar next week if the US Treasury yields remain elevated or increase further. OANDA Asia Pacific senior market analyst Jeffrey Halley said investors were shifting their focus to bonds on the rise in yields. “In terms of the bigger picture, the ringgit-US […]
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 […]
Ringgit extends rally for sixth straight session
KUALA LUMPUR: The ringgit rose for the sixth straight day as bullish oil prices and the latest development of Covid-19 vaccine rollout added to optimism over the currency’s prospects. At 9.05 am, the local currency increased to 4.0300/0340 against the US dollar from Monday’s close of 4.0320/0370. Axi chief global market strategist Stephen Innes said […]
Ringgit opens higher amid surging oil prices
KUALA LUMPUR: The ringgit opened firmer against the US dollar on Monday amid surging oil prices. At 9.07 am, the local currency rose to 4.0400/0450 against the US dollar from Thursday’s close of 4.0405/0445. Axi chief global market strategist Stephen Innes said in addition, negative US real yields, dovish Federal Reserve remarks and a still […]
Ringgit ends firmer despite opening easier against US dollar
KUALA LUMPUR: The ringgit ended firmer against the US dollar today paring easier performance this morning, on continued weakness in the greenback, analysts said. At the close, the local currency rose to 4.0405/0445 against the US dollar from Wednesday’s close of 4.0420/0460. An analyst said the US dollar slipped to a two-week low following a […]
Ringgit opens lower against US Dollar
KUALA LUMPUR: The ringgit opened easier against the US dollar on Thursday, retreating from previous gains on lack of buying interest, dragged by softer crude oil prices, said an analyst. At 9.03 am, the local note was traded at 4.0450/0550 against the greenback compared with Wednesday’s close of 4.0420/0460. Speaking to Bernama, Axi chief global […]
Ringgit to trade higher against US dollar
KUALA LUMPUR: The ringgit is likely, next week, to trade between the 4.165 and 4.185 level, influenced by external factors, with the greenback general direction and oil prices expected to drive sentiment again, said an analyst. AxiCorp chief global market strategist Stephen Innes said the US dollar is unlikely to turn significantly bullish as traders […]
Ringgit’s uptrend likely to continue next week
KUALA LUMPUR: The ringgit is likely to continue strengthening against the US dollar next week, riding on the upbeat unemployment rate data, anticipation of better-than-expected second-quarter (Q2) gross domestic product (GDP) data and a weaker greenback, dealers said. Nevertheless, investors would keep an eye on the trade talk between high-level officials of the United States […]
Ringgit to ride on firmer Asian region’s currencies
KUALA LUMPUR: The ringgit will be driven by firmer Asian currencies which are benefiting from the interest rate, as well as growth differentials between the region and industrial economies, said AmBank Research. Support for the local note will also strengthen if the United States’ (US) recovery is hindered by rising Covid-19 cases, renewed local lockdowns […]
