Page 3 - Ringgit News Today

KUALA LUMPUR: Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), Malaysian corporates and businesses have strengthened the ringgit, Bank Negara Malaysia (BNM) said today.

With rising cost of living, Johor folk find ways to spend within means on clothes and goodies.

The ringgit is expected to trade in a tight range of RM4.72 to RM4.73 against the US dollar in the upcoming holiday-shortened week of trading, said an economist.

KUALA LUMPUR: The ringgit opened flat against the greenback today due to muted demand as investors await further market catalyst. 

KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar, reaching 4.66 by the end of the second quarter of 2024 (2Q), and further improving to 4.58 by the end of 2024 following increased clarity on the United States (US) Federal Reserve’s (Fed) policy easing.

KUALA LUMPUR: The ringgit ended higher against the US dollar as the greenback retreated on selling activities after the United States (US) ISM purchasing managers’ index for services report showed that price pressures are easing, said an analyst. 

KUALA LUMPUR: The ringgit opened higher against the US dollar on better buying support as the US Dollar Index (DXY) retreated after recent gains by the greenback.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has organised several engagement sessions with various stakeholders since March 20, 2024, in conjunction with the central bank’s key report publication recently. 

KUALA LUMPUR: Finance Minister II Datuk Seri Amir Hamzah Azizan has reiterated the government's steadfast commitment to maintaining the stability and resilience of the ringgit.

KUALA LUMPUR: The ringgit opens slightly lower against the US dollar today on soft landing in the US inflation data last Friday.