Page 69 - Ringgit News Today

KUALA LUMPUR: The ringgit appreciated against the US dollar at the close today amid weakening demand for the greenback, tracking the United States banking crisis.

Local note trades mostly lower against major currencies.

The ringgit is likely to remain within a tight range against the US dollar from Monday (March 26) ahead of Bank Negara Malaysia’s (BNM) annual report on March 29, said an economist.

KUALA LUMPUR, March 25 — The ringgit is likely to remain within a tight range against the US dollar next week ahead of Bank Negara Malaysia’s (BNM) annual report on March 29,...

Local note likely to be valued around RM4.42 ahead of BNM annual report.

However, the local note is traded lower versus British pound and euro.

KUALA LUMPUR: The ringgit maintained its positive momentum against the US dollar in early trade today, as continued global uncertainties prompted more investors to shift towards emerging currencies, including the ringgit, a dealer said.

KUALA LUMPUR: The ringgit extended last week's gains to trade higher against the US dollar in the early session today, driven by investors' return to emerging currencies as the global banking crisis eased and ahead of the decision on US interest rates in the middle of the week, dealers said.

The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

Local note expected to trade cautiously as more interest rate hikes expected.