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KUALA LUMPUR, Nov 20 — The ringgit is likely to continue its decline against the US dollar next week amid the absence of local market catalyst and the strengthening greenback. Hong Leong Research expects the US dollar’s upward trajectory to extend for another week amid...
KUALA LUMPUR, Oct 20 — The ringgit opened higher against the US dollar today with investors trading cautiously ahead of the consumer price index (CPI) data scheduled to be released on Friday, which may give hints on the rate of inflation in the country. At 9.03am, the local note stood at...
KUALA LUMPUR, Oct 16 — The ringgit is expected to experience some technical correction in the coming days, trading in the range of RM4.15 to RM4.16 against the US dollar during the holiday-shortened week, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said...
KUALA LUMPUR, Aug 30 — The ringgit opened higher against the US dollar in early trade today on improved sentiment towards the currency, coupled with rising oil prices, a dealer said. At 9.04am, the local note rose to 4.1760/1780 versus the greenback from Friday’s close of 4.1890/1930. However,...
KUALA LUMPUR, Aug 14 — The ringgit is expected to trade between RM4.23 and RM4.24 against the US dollar next week due to lacklustre sentiment in the global oil market, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim. He said market sentiments will continue to be affected in an already...