An uphill battle for the Ringgit
By Aishah Mohmad Afandi KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession. Global unemployment rate had increased in April and May, especially in the United States (US) which saw more than 40 million […]
Ringgit likely to strengthen to 4.30 in Q4: AmBank Research
BY ZUFAZLIN BAHARUDDIN KUALA LUMPUR: The ringgit is expected to strengthen to the RM4.30 level in the fourth quarter of 2020 (Q4 2020) as the potential of the US dollar strengthening will be limited, with more weakening pressure. Ambank Research said this is in part due to the risk of a more severe and protracted […]
Confidence in ringgit to return
KUALA LUMPUR: The ringgit is expected to bounce back amid volatility and unpredictable currency markets, said Juwai IQI Global chief economist Shan Saeed. He said the US dollar is expected to further weaken in the coming quarters as the US Federal Reserve slashed its benchmark interest rate by a full percentage point to near zero and promised to […]
Ringgit to remain under pressure
KUALA LUMPUR: The downtrend of ringgit is expected to remain as the Ministry of Health predicts the Covid-19 situation to worsen this week, with tighter enforcement of Movement Control Order (MCO) exerting pressure on the economy, said Kenanga Research. However, the anticipation of a weaker US dollar would probably provide support for the ringgit, it said. “The US […]
Ringgit on downtrend against US dollar
KUALA LUMPUR: The ringgit will likely extend its downward momentum against the US dollar next week as the weaker external environment amid heightened concerns over the Covid-19 outbreak will curb investors risk appetite, dealers said. A dealer said the ringgit would likely move in a tight range of between 4.1650 and 4.1850, and the downside to below 4.20 is not seen for […]
Ringgit expected to trade higher against US dollar
KUALA LUMPUR: The ringgit is expected to trade higher against the US dollar next week on positive USChina trade deal development, a dealer said. AxiTrader chief Asia market strategist Stephen Innes said the outlook for the ringgit remained positive as trade risk had abated and with the expectation of a weaker US dollar in 2020. […]
Ringgit to maintain structural stability
KUALA LUMPUR: The ringgit is expected to remain stable next week despite headwinds and unpredictable external variables in the global financial markets, said an economist. IQI Global chief economist Shan Saeed said news that the US had agreed in principle to the terms of a “phase one” trade deal with China would keep investors in […]
