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Ringgit firmer versus US dollar in early trade

KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade today as investors took a breather ahead of the release of the US Consumer Price Index (CPI) data later today, an analyst said.

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Ringgit ends flat versus US dollar

KUALA LUMPUR: The ringgit finished flat against the US dollar on Monday as the market focused on the Federal Open Market Committee’s (FOMC) January 2024 meeting minutes to see what transpired at the first policy meeting of 2024, said AmBank Group Economic Research.

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[CONTRIBUTION] Why rate cuts are to come later this year

In October of last year, the 10-year Treasury yield in the U.S. experienced a significant surge, reaching as high as 5 percent. This surge was attributed to uncertainties surrounding monetary policy and apprehensions regarding increased treasury issuances aimed at funding the government deficit. The Fed left its policy rate unchanged at 5.25-5.50 percent in September, but penciled in another rate hike in its dot-plots to address the upside risk of inflation. The U.S. Department of the Treasury announced that it would issue as much as $1.1 trillion in bonds in the third quarter last year, which was a historical high among third-quarter issuances.

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Despite Deteriorating Economics, Equity Markets At All-Time Highs

There were several important news events this week including the Fed’s January minutes. But this took a back seat to Nvidia’s blowout top and bottom-line numbers.

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'What's the rush?' Fed's Waller says interest-rate cuts can wait

Federal Reserve Gov. Chris Waller said there’s “no rush” to reduce U.S. interest rates in light of stronger-than-expected readings on inflation and economic...

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'What's the rush?' Federal Reserve's Waller says interest-rate cuts can wait

Federal Reserve Gov. Chris Waller said there’s “no rush” to reduce U.S. interest rates in light of stronger-than-expected readings on inflation and economic...

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Ringgit ends lower vs US dollar, rises vs major currencies

KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday as risk sentiments for the local note remained fragile following higher United States Treasury yields, said an economist.

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Inflation should slow enough to spur Fed rate cuts 'later this year': Williams

Inflation is likely to slow toward 2% and pave the way for reductions in U.S. interest rates “later this year,” the president of the New York Federal Reserve...

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Ringgit opens higher against US$

KUALA LUMPUR: The ringgit opened higher against the US dollar as traders digest the United States (US) Federal Open Market Committee (FOMC) meeting minutes released last night, said an economist. 

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Ringgit ends higher against US dollar as Fed maintains stance

KUALA LUMPUR: The ringgit ended higher against the US dollar today as the United States Federal Reserve (Fed) seems unlikely to cut the benchmark interest rate in the near term, said an economist.

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