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KUALA LUMPUR, Jan 1 — The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the US dollar, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said in light of the recent appreciation,...
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KUALA LUMPUR, Dec 18 — The ringgit is expected to trade within the range of RM4.21 to RM4.22 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, Dec 4 — The ringgit is set to remain weaker against the US dollar next week as investors are expected to remain cautious over how the Omicron Covid-19 variant will impact economic recovery. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said given that the...
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, Nov 6 — The ringgit is expected to trade range-bound next week, said a dealer. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the latest announcement by the US Federal Reserve to taper its asset purchase programme has confirmed that the Fed has become more...