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KUALA LUMPUR: The ringgit traded higher against major currencies but was marginally lower against the US dollar at the opening today on a cautious tone ahead of the US Federal Open Market Committee (FOMC) meeting minutes’ publication this week, said an economist.
BRUSSELS — The European Union on Monday formally launched a bespoke naval mission to protect commercial vessels in the Red Sea from attacks by Houthi rebels.Mission ‘Aspides’ — Greek for shield...
PETALING JAYA: The ringgit has fallen against most Asean currencies, and not just the US dollar, in the past five years as Bank Negara and successive governments struggled to solve long-term structural issues hammering the ringgit.
KUALA LUMPUR: The People’s Bank of China (PBOC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional currencies, including the ringgit, to trade lower against the US Dollar, mirroring the trend of the Chinese renminbi.
KUALA LUMPUR: The recent performance of the ringgit, like other regional currencies, are impacted by external factors such as market adjustments to shifting US interest rate expectations, geopolitical concerns, and uncertainties surrounding China's economic outlook, according to Bank Negara.