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Ringgit set to remain weak against greenback next week over omicron worries | Money

KUALA LUMPUR, Dec 4 — The ringgit is set to remain weaker against the US dollar next week as investors are expected to remain cautious over how the Omicron Covid-19 variant will impact economic recovery. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said given that the...
Kuala Lumpur United Kingdom Mohd Afzanizam Abdul Rashid Mohd Afzanizam Bank Islam Malaysia Bhd Market Committee

Ringgit continues slide against US$ amid Omicron uncertainties

KUALA LUMPUR: The ringgit continued its slide against the US dollar at opening today, as the greenback strengthens further amid uncertainties surrounding the Omicron variant, which prompted risk aversion, as well as Federal Reserve’s (Fed) continued hawkish statement, dealers said.
Kuala Lumpur United States United Kingdom Mohd Afzanizam Abdul Rashid Dyogenes Rodrigues Diniz Bank Islam Malaysia Bhd

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Ringgit expected to remain weak next week | Money

KUALA LUMPUR, Nov 27 — The ringgit is projected to stay weak next week as the increasing Covid-19 cases with a new variant and likelihood of the US Federal Reserve to accelerate the tapering pace are set to provide a strong support for the US dollar. Sell-off in the domestic currency...
South Africa Kuala Lumpur United Kingdom Shafwan Zaidon Mohd Afzanizam Abdul Rashid Us Institute For Supply Management Indices

Ringgit extends downtrend against greenback at opening | Money

KUALA LUMPUR, Nov 23 — The ringgit extended its downtrend against the US dollar to open lower today as strong demand for the greenback continues to uplift the currency, an analyst said. At 9am, the local note weakened to 4.1860/1895 versus the greenback from 4.1850/1880 at yesterday’s close....
Kuala Lumpur United Kingdom Jerome Powell Mohd Afzanizam Abdul Rashid Mohd Afzanizam Bank Islam Malaysia Bhd

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