Page 22 - Ringgit News Today

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar in early trade today due to lack of demand as the US Dollar Index (DXY) continued to strengthen.

Pair could be moving towards RM4.66 today, says analyst.  

PETALING JAYA: There is strong potential for the ringgit to strengthen against the US dollar by next year although the first quarter of 2024 (1Q24) could still see some elevation in the US dollar-ringgit exchange rate owing to existing high United States interest rates and slower economic recovery in China.

Local note to see cautious trading as Fed still deemed to be wary of inflation risk, says analyst.  

KUALA LUMPUR: The ringgit closed higher against the US dollar today on the expectation that US interest rate hikes are over after dovish comments by US Federal Reserve (Fed) chairman Jerome Powell on Friday.

The foreign exchange market is predicted to remain cautious as it enter the first week of December, with all eyes on major data points such as the US Nonfarm Payroll (NFP) and Unemployment Rate, which will be critical for ringgit-US dollar performance.

JOHOR BAHRU: Malaysian hawker, Mr Sim, was a step away from buying fresh prawns during a holiday in the Pontian district of Johor, only to be stopped by the exorbitant price quoted by the seller.  The 63-year-old Johorean, who declined to give his full name, claimed that the prices were immed

KUALA LUMPUR:  The ringgit opened lower against the greenback today as traders took profit after recent gains and on caution ahead of a talk later today by US Federal Reserve (Fed) chairman Jerome Powell, said an analyst.

Local note falls to 4.6710/6760 against the greenback.

JOHOR BAHRU — Malaysian hawker, Mr Sim, was a step away from buying fresh prawns during a holiday in the Pontian district of Johor, only to be stopped by the exorbitant price quoted by the seller.