Page 88 - Ringgit News Today

KUALA LUMPUR: The ringgit continued to decline against the US dollar at the opening today as the dollar was supported by recent statements from the United States (US) Federal Reserve (Fed) chair Jerome Powell on taming the US’ inflation.

KUALA LUMPUR: The ringgit extended its downtrend against the US dollar at the close on Wednesday, along with other regional currencies, as the US Federal Reserve (Fed) pledged to continue with its aggressive monetary policy to fight inflation.

Local currency falls to 4.6045/6085 against the greenback.

KUALA LUMPUR: The ringgit yesterday surpassed the psychologically important mark of RM4.60 to the US dollar.

Greenback emerges stronger with expectation of more tightening by Federal Reserve.

The ringgit is likely to trend lower this week as the recent aggressive interest rate hike by the United States Federal Reserve (Fed) and its signal of more steep hikes going forward will continue to weigh on the currency, said an analyst.

KUALA LUMPUR: The ringgit continued to weaken against the US dollar, breaching the 4.57 level as the greenback continued to strengthen after the latest interest rate hike by the American central bank. Lower oil prices also weighed on the local currency.

KUALA LUMPUR: Bank Negara continues to closely monitor and ensure orderly financial market conditions amidst external developments that have led to persistent strength in the US dollar against almost all currencies, including the ringgit.

KUALA LUMPUR: The ringgit depreciated against the US dollar today despite higher oil prices, said a dealer.

KUALA LUMPUR: The ringgit slipped to a fresh all-time low against the US dollar at the opening on Wednesday, breaching the 4.5600 level due to the lower oil prices, coupled with the strengthening of the greenback, a dealer said.