Page 62 - Ringgit News Today

KUALA LUMPUR, May 6 — The expected pause in the US Fed Funds Rate is projected to lead to a weaker US dollar in the near term, thus continuing to boost the ringgit’s appeal...

KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday, buoyed by the increase in the Overnight Policy Rate (OPR) to 3.00 per cent, but the ringgit-dollar pair is projected to trade in a narrow range as risk-off mode leads to increased demand for the greenback.

ASIAN currencies strengthened against a weaker dollar on Friday, while shares declined as investor jitters persisted amid fresh turmoil in the U.S. banking sector.

KUALA LUMPUR: The ringgit continued to get a boost from overnight policy rate (OPR) hikes and the weakening US dollar amid heavy bets that the Federal Reserve appears to be reaching its terminal rate soon with a smaller rate rise.

MALAYSIA's ringgit extended gains after its central bank hiked interest rates in a surprise move on Wednesday, while stocks across Asia declined ahead of the U.S. Federal Reserve's monetary policy decision.

KUALA LUMPUR, May 2 — The ringgit opened lower against the US dollar on the first trading day of the month, and is expected to linger around the RM4.46-level today as market...

The ringgit is expected to endure more volatility next week amid uncertainties surrounding the market and ahead of Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) meeting on the overnight policy rate (OPR) on May 2 to 3.

US economic concerns likely to impact currency trading.

KUALA LUMPUR: The ringgit reversed its losses to open higher against the US dollar on Friday due to cautious sentiments following the release of mixed United States (US) macroeconomic data, an analyst said.

KUALA LUMPUR, April 28 — The ringgit ended the holiday-shortened week higher against the US dollar today on a technical rebound after trending lower for the past few days,...