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THE Malaysian ringgit led declines among weak Asian currencies on Friday due to a buoyant dollar while regional share markets were mixed, as investors refrained from taking fresh bets on when the Federal Reserve will start to cut rates.
KUALA LUMPUR: The ringgit ended easier against the US dollar on Friday as the greenback strengthened following higher-than-expected United States inflation data.
KUALA LUMPUR: The ringgit opened easier against the US dollar today with traders maintaining their focus on the greenback with higher-than-expected US inflation data.
KUALA LUMPUR: The ringgit was marginally higher against the US dollar at the opening today following a slight retreat of the greenback overnight, with investors focused on the upcoming March inflation data from the United States on Wednesday.
MOST Asian currencies were muted on Tuesday as traders exercised caution ahead of this week's U.S. inflation data and a flurry of regional central bank meetings.
KUALA LUMPUR: The ringgit ended lower against the US dollar as the greenback strengthened following higher-than-expected US nonfarm payroll (NFP) data, said an analyst.
KUALA LUMPUR: Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), Malaysian corporates and businesses have strengthened the ringgit, Bank Negara Malaysia (BNM) said today.
Many analysts and fund managers have been anticipating that the dollar would fall this year as the Fed starts to cut interest rates, but rate-cut expectations have been trimmed back sharply recently. US elections and geopolitical uncertainty could also lift the currency.
KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar, reaching 4.66 by the end of the second quarter of 2024 (2Q), and further improving to 4.58 by the end of 2024 following increased clarity on the United States (US) Federal Reserve’s (Fed) policy easing.