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MOST Asian currencies and equities strengthened on Tuesday, with the Malaysian ringgit hovering at more than a four-month high, as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon.
KUALA LUMPUR: The ringgit retreated from last week’s gains to close lower against the greenback on Tuesday on declining crude oil prices and lack of demand despite a weaker US dollar, said an analyst.
The ringgit is expected to trade slightly higher against the US dollar this week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of the Christmas and New Year breaks.
KUALA LUMPUR, Dec 23 — The ringgit is expected to trade slightly higher against the US dollar next week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of...
KUALA LUMPUR: The ringgit continued to trend higher as it strengthened against the US dollar in the early session on Friday following weaker US economic data, an economist said.