Page 103 - Ringgit News Today

KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to a softer US Treasury yield, an analyst said.

KUALA LUMPUR: The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

KUALA LUMPUR: The FBM KLCI ended 0.35% lower on Thursday as risk sentiment soured as investors were concerned over the global economic slowdown.

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today in tandem with the Chinese yuan following positive development in Shanghai, an analyst said.

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid firmer global oil prices, an analyst said.

KUALA LUMPUR: The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive developments in Shanghai, amid concerns over recession in the United States (US).

KUALA LUMPUR: The ringgit is playing catch up to the US dollar as surging global interest in the greenback increases its demand and value tremendously.

Weak currency can make country more competitive, encourage exports.

The ringgit is expected to trend downward against the US dollar this week on lack of catalysts, according to an analyst.

KUALA LUMPUR, May 14 — The ringgit is expected to trend downward against the US dollar next week on lack of catalysts, according to an analyst. He said there were multiple factors that seemed to negatively affect the economic recovery momentum. Meanwhile, Bank Islam Malaysia Bhd chief economist...