Ringgit opens slightly lower after US Fed keeps rate steady
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning after the US Federal Reserve (Fed) decided to pause rate hikes. At 9 am, the local note slid to 4.6890/6935 against the greenback from yesterday’s close of 4.6840/6880. Last night, the US Fed decided to keep the rate steady at between 5.25 […]
Ringgit opens slightly higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar this morning due to mild demand for the domestic note. At 9 am, the local note rose to 4.6925/6970 against the greenback from yesterday’s close of 4.6940/6980. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the […]
Ringgit opens easier against greenback ahead of interest rate decisions
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today as investors await interest rate decisions by major central banks this week, an economist said. At 9 am, the local note eased to 4.6890/6940 against the greenback from yesterday’s close of 4.6870/6915. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr […]
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit opened higher against the greenback as the latest US inflation data strengthened hopes that the US Federal Reserve (Fed) would hold interest rates. At 9.05 am, the local note rose to 4.6750/6800 against the greenback from Wednesday’s close of 4.6785/6835. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted […]
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 opens higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar and other major currencies on the rising expectation that the US Federal Reserve (Fed) would not raise interest rates when it meets next week. At 9.05 am, the local note climbed to 4.6720/6770 against the greenback from Monday’s close of 4.6725/6760. Bank Muamalat Malaysia […]
Ringgit opens strongly against greenback
KUALA LUMPUR: The ringgit opened on a strong note against the US dollar as well as most major Asian and non-Asian currencies, while the market eagerly anticipates the results of the Federal Open Market Committee (FOMC) meeting scheduled for Sept 19-20. At 9.11 am, the local note rose to 4.6700/6750 against the greenback from Friday’s […]
Ringgit stages rebound against US dollar
KUALA LUMPUR: The ringgit rebounded this morning after a week of losses despite the greenback firming after an unexpected drop in US unemployment benefits. At 9 am, the local note improved to 4.6730/6780 against the greenback from Thursday’s close of 4.6755/6795. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the latest US […]
Ringgit eases, greenback strengthens amid inflation concerns
KUALA LUMPUR: The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets. At 9 am, the local note fell to 4.6750/6765 against the greenback from Wednesday’s close of 4.6720/6765. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid […]
Ringgit remains in narrow range against US dollar
KUALA LUMPUR: The ringgit traded in a narrow range as the US dollar continued to firm amid nervous sentiments following concerns over the bleak outlook for the global economy after disappointing China and European data. At 9 am, the local note fell to 4.6715/6760 against the greenback from Tuesday’s close of 4.6615/6655. Bank Muamalat Malaysia […]
