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KUALA LUMPUR, Feb 28 — The ringgit, supported by soaring oil prices as a result of the Russia-Ukraine conflict, strengthened further against US dollar today. At 6pm, the local note stood at 4.1970/2015 versus the greenback compared with 4.2005/2040 at Friday’s close. Brent crude has risen above...
KUALA LUMPUR, Feb 26 ― The ringgit is expected to trade within the range of RM4.19 to RM4.21 against the US dollar next week on mixed market sentiment, said an economist. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the main narratives would be fairly unchanged in the...
KUALA LUMPUR, Feb 24 ― The ringgit fell against the US dollar at the opening today, owing to global geopolitical tensions, but an economist believes that the ongoing Russia-Ukraine crisis will provide support for the local currency in the future. At 9am, the local currency fell to 4.1880/1905...
KUALA LUMPUR, Feb 23 ― The ringgit strengthened against the US dollar at the opening today, as geopolitical tensions between Russia and Ukraine escalate, indicating that the current situation is highly vulnerable, adding to the extent of uncertainty in the foreign exchange market and commodities...
KUALA LUMPUR, Feb 19 ― The ringgit is expected to trade within a tight range of between 4.18 and 4.19 against the US dollar next week. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the geopolitical risks and concern over a sharp increase in the US Federal Reserve Fund...