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KUALA LUMPUR: The ringgit is expected to stabilise against the US dollar at RM4.54-RM4.58 by the end of the year, driven by expectations of a softer greenback and lower US Treasury yields as the US Federal Reserve (Fed) embarks on a rate-cutting cycle in 2024.
KUALA LUMPUR: The ringgit opened easier against the US dollar on Wednesday as most investors await the first Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) meeting of the year, after which they will announce the new Overnight Policy Rate (OPR).
KUALA LUMPUR: Bank Negara has decided to maintain the overnight policy rate (OPR) at 3.00%, in line with market expectations.
KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday as most traders are eagerly awaiting the first Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting of this year, scheduled for today and tomorrow.
KUALA LUMPUR: The FBM KLCI finished higher on Tuesday for a third straight trading day, buoyed by gains in banking counters while the ringgit weakened against the US dollar.