Page 52 - Ringgit News Today

KUALA LUMPUR: RHB Research expects that Bank Negara Malaysia (BNM) will keep the overnight policy interest rate (OPR) unchanged at 3.0 per cent with neutral guidance at its monetary policy committee (MPC) meeting on July 6.

Local note is second-worst performer in Asia after Japanese yen. 

The ringgit will likely trade in a cautious mode next week with investors eyeing updates on the global economic performance.

JULY 2 — The recent ringgit depreciation has raised concerns among the public. Headlines characterised the ringgit as “worst-performing”, “in a freefall” among...

Greater exposure to China’s economy and easing commodity prices are among the factors likely to have contributed to the ringgit’s decline compared to its Asean peers, observers say.

Local note ends at 4.6635/6705 against the greenback.

Bank Negara’s latest meeting on the ringgit’s depreciation was a disappointment, with no concrete monetary policy solutions offered even as the central bank labelled the depreciation as “excessive”.

Ringgit, US dollar, Opening, Stephen Innes, Dyogenes Rodrigues Diniz, Chinese yuan fixing

KUALA LUMPUR: The ringgit extended its gains to open higher this morning, amidst positive developments in the Asian foreign exchange (forex) market.

Bursa Malaysia, CPO, Sathia Varqa, Ringgit, Export, Tax