Page 75 - Ringgit News Today

Anwar says Budget 2023 will outline govt strategy to support continued growth.

KUALA LUMPUR: The ringgit ended lower against the US dollar today as the United States (US) non-farm payrolls data rattled the Asian foreign exchange, an analyst said.

Greenback strengthens amid European Central Bank’s and Bank of England’s dovish tone on inflation.

MOST Asian stock markets rose on Friday while currencies fell against a firmer U.S. dollar, as investors awaited the key U.S. non-farm payrolls report for further clues about the Federal Reserve policy after dovish signals from global central banks.

The ringgit is expected to continue its uptrend this week amid improving global sentiments, an analyst said.

Despite a record trade surplus in 2022, Malaysia’s international exchange reserves underperformed, declining on an annual basis last year. So, where did the money go?

KUALA LUMPUR: The ringgit retained its upward momentum to open higher against the US dollar Friday as more investors shifted their interest towards emerging currencies, coupled with higher global oil prices, said an analyst. 

THE Philippine peso and Malaysia's ringgit led gains among Asian currencies on Friday as data overnight showed resilience in the U.S. economy, boosting investor risk appetite, while equities hit a nine-month high.

KUALA LUMPUR: The ringgit extended its uptrend to end at nearly a nine-month high against the US dollar today on improved buying interest amid encouraging sentiment, an analyst said.

KUALA LUMPUR: The ringgit opened higher against the greenback for the third consecutive trading day on expectation that the US Federal Reserve’s Open Market Committee (FOMC) would downshift interest rate hikes from 50 basis points (bps) to 25 bps at its meeting next week, said an analyst.