Page 133 - Ringgit News Today

PETALING JAYA: The continued spike in crude oil prices has strengthened the ringgit further against the US dollar.

KUALA LUMPUR: The ringgit strengthened against the US dollar in early session on Wednesday on continued buying interest, supported by higher oil prices, said an analyst.

KUALA LUMPUR: The ringgit opened marginally lower on firmer US dollar amid news that the United States has an advantage in growing its economy and vaccinating its population against COVID-19.

Saturday, 30 Jan 2021 11:47 AM MYT The local currency ended the week firmer against the greenback as Moody’s Investors Service’s affirmation of Malaysia’s local and foreign currency long-term issuer ratings at A3, with a stable outlook, helped boost risk appetite in the market. — Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Jan 30 — The ringgit is expected to further appreciate against the US dollar next week with investo...

Ringgit chart PETALING JAYA: The ringgit emerged as Asean’s third-best performing currency in 2020, after it managed to stage a sharp recovery from last year’s weakest level of RM4.45 per US dollar to end the year at RM4.02. Economists believe that the ringgit’s uptrend would extend into 2021, partly owing to the continued weakening of the world’s reserve currency. In fact, there are possibilities for the local currency to enter the range of just below RM4 per US dollar by year-end, mar...

AmBank Research expected the ringgit to hover around the 3.98–4.04 levels against the greenback on average, although it may give up some of its gains during the year. PETALING JAYA: The ringgit is expected to remain on a positive trend this year on the back of a weakening United States dollar, despite near-term challenges for the Malaysian currency. AmBank Research said the still-largely undervalued ringgit in real effective exchange rate (REER) terms will remain as an attractive valuation as...

KUALA LUMPUR: The ringgit reversed recent losses to open higher against the US dollar Tuesday despite a cautious trading mode, an analyst said.

KUALA LUMPUR, Jan 23 (Bernama): Trading on Bursa Malaysia is expected to be cautious ahead of the United States Federal Reserve meeting next week.

1:42 PM MYT KUALA LUMPUR, Jan 23 (Bernama): The ringgit is expected to strengthen between RM4.0375 and RM4.0575 next week from the RM4.0415 level on Friday amid rising concerns over macro and micro economic environment due to resurgence of Covid-19 cases. Axi chief global market strategist Stephen Innes said the extended movement control order (MCO) could linger until the vaccine rollout can make a reasonable difference, which likely happening towards March or April. "I expect r...

KUALA LUMPUR: The ringgit retreated against the US dollar in opening trade today and was traded mixed against a basket of major currencies ahead of the weekend.