Page 130 - Ringgit News Today

The ringgit is expected to weaken against the US dollar next week at between 4.10 and 4.15, in line with the fear of the United States (US) inflation and Consumer Price Index (CPI) data released recently.

Saturday, 15 May 2021 10:24 AM MYT BNM said the ringgit is expected to remain exposed to periods of heightened volatility as uncertainties remain on the momentum of the global and domestic economic recovery. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 15 — The ringgit is expected to weaken against the US dollar next week at between 4.10 and 4.15, in line with the fear of the United States (US) inflation and Consumer Pric...

KUALA LUMPUR: The ringgit extended its gains against the US dollar for the second consecutive day, buoyed by the stronger Brent crude oil price, a dealer said. This cushioned the impact of further weakening of the local note amid mounting concerns over the enforcement of the Movement Control Order (MCO) 3.0 in Selangor. At 9 am, the local currency rose to 4.1170/1220 against the greenback from Tuesday’s close of 4.1200/1260. At the time of writing, crude oil is trading at US$6...

The ringgit opened easier against the US dollar on Monday on lack of demand for the local currency, but it was mostly higher versus other emerging currencies.

The recent Federal Open Market Committee meeting has signalled that the Federal Reserve (Fed) will not increase interest rates in 2021 but would encourage the US dollar to stay weaker in the coming quarters.

KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst. At 9 am, the local currency stood at 4.0985/1015 against the greenback from Wednesday’s close of 4.1000/1050. Markets were closed on Thursday for Nuzul al-Quran public holiday. On Thursday, benchmark Brent crude rose 1.61 per cent to US$68.41-- a six-week high as the US economy’s brighter outlook and oil demand offset bearish dema...

KUALA LUMPUR, April 24 (Bernama): The ringgit is likely to trade higher against the US dollar next week as the greenback is expected to continue its downtrend, said a dealer. ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar/ringgit resumed its downtrend that had been in place since last year and would likely stay intact as all the signals pointed to a devaluation of the US dollar against the ringgit. "From a macroeconomic stance, the US Federal Reserve is not conce...

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar at opening today due to concerns over the COVID-19 pandemic in the region, as well as the hawkish US Federal Reserves tone that validated a bullish US dollar view, a dealer said. At 9am, the local unit stood at 4.1180/1230, marginally lower against 4.1130/1180 at Tuesdays close. Axi chief global markets strategist Stephen Innes said the US dollar barely made any significant headwinds despite COVID-19 concern...

Tuesday, 13 Apr 2021 10:08 AM MYT At 9am, the local note was 10 basis points easier at 4.1320/1360 against the greenback from 4.1310/1350 at yesterdays close. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 13 — The ringgit opened marginally lower against the US dollar amid expectations of higher US bond yields ahead of the release of the March 2021 US Consumer Price Index (CPI) later today. At 9am, the local note was 10 b...

KUALA LUMPUR: The ringgit opened flat against the US dollar on Monday amidst higher United States’ (US) bond yields and finicky crude oil prices. At 9.01 am, the local unit stood at 4.1330/1380, unchanged against 4.1330/1370 at last Fridays closing. "The ringgit remains stuck in a channel, trapped between higher US yields and finicky crude oil prices," said Axi chief global markets strategist Stephen Innes. He said the ringgit was also influenced by the higher inflation in Chi...