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KUALA LUMPUR, March 15 — The ringgit opened slightly weaker against the stronger US dollar after the latest strong economic data amidst rising inflationary pressures further suggests that the Federal Reserve (Fed) is on track to gradually remove the monetary policy accommodation. At...
KUALA LUMPUR, March 12 ― The ongoing Russia-Ukraine conflict has increased demand for safe haven assets such as the US dollar, while riskier assets, such as the ringgit, are anticipated to stay undervalued. The US dollar index continued to march higher, rising by 0.21 per cent to 98.712 points...
KUALA LUMPUR, March 11— The ringgit traded lower against the US dollar in the early trading session today amid renewed buying interest for the greenback. At 9.05am, the local note was trading at 4.1870/1905 versus the US dollar compared with 4.1860/1895 at Thursday’s...
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KUALA LUMPUR, March 9 ― The ringgit opened flat against the US dollar today despite the higher crude oil prices. At 9.01am, the local note was trading at 4.1800/1845 versus the greenback compared with 4.1800/1840 at yesterday’s close. SPI Asset Management managing partner Stephen Innes said the...
KUALA LUMPUR, March 5 ― The ringgit is expected to continue its uptrend amid cautious sentiment due to global geopolitical tensions, trading between RM4.17 and RM4.18 against the US dollar next week, said an economist. The focus will remain centered on the war in Ukraine next week, said Bank...