KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade on Tuesday on the back of improved buying sentiment for the domestic currency, said an analyst. At 8.02 am, the ringgit appreciated to 4.4200/4300 against the greenback compared with Monday’s close of 4.4225/4280. However, the US Dollar Index (DXY) stayed at an elevated…
KUALA LUMPUR: The ringgit was slightly higher in early trade Monday as the US dollar trended up modestly after the release of mixed US labour data for November. At 8.15 am, the local currency advanced to 4.4125/4250 against the US dollar, compared to Friday’s close of 4.4170/4220. The US labour market data released Friday showed…
KUALA LUMPUR: The ringgit advanced against the US dollar in early trade on Friday ahead of the US non-farm payrolls (NFP) data that will be released later today, said an analyst. At 8.02 am, the ringgit advanced to 4.4145/4300 against the greenback compared with Thursday’s close of 4.4250/4305 SPI Asset Management managing partner Stephen Innes…
KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade on Thursday on the back of improved buying sentiment towards the domestic currency, said an analyst. At 8.04 am, the ringgit advanced to 4.4400/4550 against the greenback compared with Wednesday’s close of 4.4505/4550. SPI Asset Management managing partner Stephen Innes said that as…
KUALA LUMPUR: The ringgit remained lower against the US dollar in early trade today as investors remained cautious about global market developments, an analyst said. At 8.02 am, the ringgit eased to 4.4650/4750 against the US dollar compared with Tuesday’s close of 4.4675/4720. SPI Asset Management managing partner Stephen Innes said the ringgit might face…
KUALA LUMPUR: The ringgit was slightly lower against the US dollar in early trade on Tuesday amid cautious sentiment in the global currency market, said an analyst. At 8.03 am, the ringgit eased to 4.4595/4680 against the US dollar compared with Monday’s close of 4.4570/4625. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul…
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar in early trade on Monday despite the cautious sentiment following US President-elect Donald Trump’s threat to impose 100 per cent tariffs against BRICS nations if they were to create a rival currency to the greenback. At 8.03 am, the ringgit traded at 4.4400/4500 against…
KUALA LUMPUR: The ringgit is expected to trade within the range of 4.4275 to 4.4475 versus the American dollar next week, with a slight upside bias, on anticipation of a US interest rate cut in December. The US Federal Reserve’s (Fed) next policy meeting is scheduled for Dec 17-18, 2024. SPI Asset Management managing director…
KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade today amid renewed buying interest, with investors flocking towards the local currency following the Thanksgiving holidays in the United States (US). At 8.02 am, the ringgit was trading at 4.4350/4470 against the US dollar, strengthening from yesterday’s close of 4.4440/4490. Bank Muamalat…
KUALA LUMPUR: The ringgit remained stronger against the US dollar on Thursday, bolstered by a softer US Dollar Index (DXY), which fell 0.91 per cent to 106.036 points. This followed the release of the latest inflation data, which showed US core Personal Consumption Expenditures (PCE) inflation increasing by 2.8 per cent in October from 2.7…
