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KUALA LUMPUR, April 2 — The ringgit is expected to continue to trade in a volatile mode next week, as mixed signals from global economic developments are expected to keep more investors on the sidelines, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the...
KUALA LUMPUR, March 26 — The ringgit is expected to trade on the upside bias moving between RM4.19 and RM4.20 next week, amid better risk appetite and fairly positive domestic economic data and outlook, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the...
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KUALA LUMPUR, March 18 — The ringgit opened flat versus the US dollar on Friday despite oil prices surging amidst Russian supply concerns. At 9.20am, the local currency was unchanged at 4.1945/1980 versus the greenback from Thursday’s close. Bank Islam Malaysia Bhd chief...
KUALA LUMPUR, March 14 — The ringgit opened lower against the US dollar on Monday as risk off impulses hit demand for the local currency. At 9.01am, the local currency declined further to 4.1960/2000 versus the greenback from 4.1940/1975 at Friday’s close. Bank Islam Malaysia Bhd chief...
KUALA LUMPUR, Jan 15 — The ringgit is likely to trend higher next week in the range of RM4.16 to RM4.17, with the market adopting a cautious stance prior to Bank Negara Malaysia’s (BNM) economic assessment on Thursday. Bank Islam Bhd chief economist Mohd Afzanizam Abdul Rashid said all eyes...