Page 17 - Ringgit News Today

KUALA LUMPUR: The ringgit gained marginally against the US dollar at the start of trading on Tuesday as the latter’s rally paused amid the likelihood of Federal Reserve rate cuts on expectation of easing inflation print.

KUALA LUMPUR: The ringgit extended yesterday’s gains to close higher against the US dollar on Tuesday amid more investors returning to emerging currencies, dealers said.

KUALA LUMPUR: The ringgit reversed its downward trend to open on a positive note on Monday as the US dollar moved flat after the latest United States (US) hiring data repudiated concerns of a recession.

Trading on the ringgit is expected to remain cautious this week, with all eyes on major data points such as the US nonfarm payroll (NFP) data which will be critical for ringgit-US dollar performance.

KUALA LUMPUR: The ringgit extended a negative trend on Friday against the US dollar with sentiment continuing to be hamstrung by the expectation that the higher-for-longer rate narratives are likely to prevail.

KUALA LUMPUR: The ringgit slipped further against the US dollar on the expectation that higher-for-longer interest rate narratives are likely to persist.

KUALA LUMPUR: The ringgit remained weak against the US dollar today after some letdown as hopes for a March rate cut faded after the US Federal Open Market Committee (FOMC) meeting minutes provided little clue about when it will happen.

KUALA LUMPUR: The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 "on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).

KUALA LUMPUR: The ringgit continued its downtrend against the greenback before the release of the Federal Open Market Committee (FOMC) minutes tonight.

KUALA LUMPUR: The ringgit slipped further against the US dollar on Wednesday as investors waited for more clarity about the United States (US) interest rate outlook.