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KUALA LUMPUR: The ringgit gained marginally against the US dollar at the start of trading on Tuesday as the latter’s rally paused amid the likelihood of Federal Reserve rate cuts on expectation of easing inflation print.
KUALA LUMPUR: The ringgit extended yesterday’s gains to close higher against the US dollar on Tuesday amid more investors returning to emerging currencies, dealers said.
KUALA LUMPUR: The ringgit reversed its downward trend to open on a positive note on Monday as the US dollar moved flat after the latest United States (US) hiring data repudiated concerns of a recession.
Trading on the ringgit is expected to remain cautious this week, with all eyes on major data points such as the US nonfarm payroll (NFP) data which will be critical for ringgit-US dollar performance.
KUALA LUMPUR: The ringgit extended a negative trend on Friday against the US dollar with sentiment continuing to be hamstrung by the expectation that the higher-for-longer rate narratives are likely to prevail.