Page 131 - Ringgit News Today

KUALA LUMPUR, April 11 (Bernama): The ringgit is expected to trade in a tight range against the US dollar the coming week week at between 4.1275 and 4.1475 as the market cautiously monitors US Treasury yields and oil prices, said AxiCorp chief global market strategist Stephen Innes. The latest news of China’s higher inflation in March due to the surging commodity costs would also have an influence on the ringgit’s performance next week, he said. "The market is also anticipat...

KUALA LUMPUR: The ringgit was higher against the US dollar at opening on Tuesday, lifted by buying support for the local currency, while the greenback is weakening through the global risk-on channel as foreign exchange traders sell the dollar and put more money to work outside of the US. This ensued from the sinking US dollar to an almost two-week low versus a basket of its peers, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US eco...

KUALA LUMPUR: The ringgit opened unchanged against the US dollar today but was higher versus a basket of major currencies, supported by the seasonal demand bounce on crude oil demand. At 9am, the local unit stood at 4.1380/1430 versus the greenback from 4.1380/1420 at Fridays close. Axi chief global market strategist Stephen Innes said the positive trend for the local note against the major currencies (except with the US dollar) was also due to the recovery in the bond market, which recovered s...

KUALA LUMPUR, April 3 (Bernama): The ringgit is likely to move range-bound with a downside risk next week between 4.1350-4.1470 amid potentially better oil prices and concern over a slower economic recovery. An analyst said the stable demand for oil in the past week may accelerate following data which showed an increased of air travelling activities, mainly from two major consumers, the United States and China. "Demand and output for business operations are also seen to be movin...

Thursday, 01 Apr 2021 10:30 AM MYT At 9am, the local note edged up to 4.1430/1480 against the greenback from Wednesday’s close of 4.1450/1480. — Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 1 — The ringgit remained defensive to open slightly higher against the US dollar despite lower crude oil prices and the extension of conditional movement control order (CMCO) in several states, including the Klang Valley due to the r...

KUALA LUMPUR, March 15 — The ringgit rebounded from last week’s loss to end slightly higher against the US dollar, amid growing concerns over the upcoming US Federal Open Market Committee (FOMC) meeting this week, said an analyst. At 6pm, the local note traded higher to 4.1110/1160 versus the...

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar Friday despite closing 200 basis points (bps) better Thursday, tracking the emerging market currency movement due to improved risk appetite for the Chinese yuan and an easier greenback.

“It will send a signal not only to local but also global investors that Malaysia wants to move aggressively in the global economy and Bank Negara has a strong role to play, ” Juwai IQI Global chief economist Shan Saeed said. He added that Bank Negara has played its cards very strategically in the past and has prudent monetary policies to maintain the country’s growth, price and employment stability.l KUALA LUMPUR: Bank Negara’s move to allow non-resident banks to trade in ringgit-denomi...

KUALA LUMPUR: The ringgit opened flat against the dollar Wednesday, as investors stayed on the sidelines, awaiting fresh local catalysts.

Omni Capital Partners Sdn Bhd managing director Scott Lim (pic) explained that the structural weakness in the economy stemmed from the ongoing brain drain in the country coupled with lower foreign direct investment (FDI) inflows compared to neighbouring countries as well as lower investment outflows. KUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by...