Oil up over failed peace bid in Gaza, weaker US dollar
ANKARA: Oil prices increased on Thursday over Israel’s decision to reject the ceasefire offer from Hamas and resume attacks on the Gaza Strip, while a weaker US dollar and an expected build in US crude oil stocks limited further price rises, reported Anadolu. The international benchmark crude Brent traded at US$79.59 per barrel at 10.24 […]
Ringgit to trade slightly higher next week amid quiet market
BY SITI NOOR AFERA ABU KUALA LUMPUR: The ringgit is expected to trade slightly higher against the US dollar next week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of the Christmas and New Year breaks. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said next week is […]
Ringgit opens lower against US dollar
KUALA LUMPUR: The ringgit opened lower against US dollar as financial markets eagerly awaited the United States Federal Open Market Committee decision later tonight. At 9.05 am, the ringgit eased to 4.7675/7720 against the greenback from Tuesday’s close of 4.7615/7655. Opening Malaysian foreign exchange Gold Down The physical price of gold as at 9.30 a.m […]
Vietnam, Cambodia considering using local currency for trade
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. “Malaysia is aggressively reducing its dependence on the US dollar, and so far we have received a good response. “In fact, we […]
Effectiveness of measures to address impact of weak ringgit among focus of parliament Tuesday
KUALA LUMPUR: The Dewan Rakyat sitting today will discuss, among other things, the effectiveness of the government’s measures in dealing with the impact of the weakening trend of ringgit against US dollar. According to the Order Paper on the Parliament’s official website, Prime Minister Datuk Seri Anwar Ibrahim will clarify this matter during the Minister’s […]
Ringgit opens higher against greenback as investors view mixed signals
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Wednesday as global investors digest market news that sends mixed signals as to the US Federal Reserve’s (Fed) next course of action, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid. At 9 am, the local note rose to 4.7200/4.7250 against […]
US dollar index reaches highest in about 10 months
NEW YORK: The US dollar gained in late trading on Tuesday, as the market remained nervous for the hawkish interest rate projections from the Federal Reserve, reported Xinhua. The benchmark US Treasury 10-year yield rose a couple of basis points to near 4.57 per cent early Tuesday, the highest since 2007, before it pulled back. […]
Ringgit falls against greenback in early trade
KUALA LUMPUR: The ringgit fell against the US dollar this morning as the greenback continued to be buoyed by bullish sentiments. At 9.15 am, the local note slid to 4.7050/7095 against the US dollar from Tuesday’s close of 4.6875/6915 ActivTrades trader Dyogenes Rodrigues Diniz said the market continues to believe that a rise in interest […]
Ringgit seen strengthening to 4.2, 4.3 against USD by year-end
KUALA LUMPUR: The ringgit is expected to strengthen to around the 4.2000/3000 range against the US dollar (USD) by the end of the year on the back of expected “easing trends” in the United States (US), according to Rakuten Trade Sdn Bhd. Its head of research Kenny Yee Shee Phin noted that the United States […]
Ringgit opens little changed against greenback
KUALA LUMPUR: The ringgit was little changed against the US dollar this morning amid weak sentiment across Asian currencies and the ongoing China property market woes. At 9 am, the local note climbed to 4.6845/6885 against the greenback from Monday’s close of 4.6850/6880. SPI Asset Management managing partner Stephen Innes expects the ringgit to trade […]
