KUALA LUMPUR, Aug 1 — The ringgit opened lower against the US dollar this morning, ahead of the release of the United States (US) nonfarm payrolls (NFP) which affects the greenback.

KUALA LUMPUR, July 30 — The ringgit is expected to trade in a tight range with an upward bias against the US dollar next week on improving risk sentiment for the local currency, said an analyst.

KUALA LUMPUR, July 29 — The ringgit ended the week on a higher note against the US dollar today, after the greenback continued to weaken following the unexpected United States (US) economic data, said an analyst.

KUALA LUMPUR, July 29 — The ringgit advanced against the US dollar at the opening today amidst weaker United States’ (US) treasury yields following the economic contraction in the country during the second quarter of 2022.

PETALING JAYA, July 29 — Malaysia’s economic growth is expected to remain strong in the second quarter (Q2) of this year, driven by several economic indicators, among them, the increase in the country's trade which surged 43.4 per cent in June 2022, hitting a new high of RM270.4 billion.

KUALA LUMPUR, July 28 — The ringgit ended higher against the US dollar on Thursday, following the greenback’s retreat after the anticipated United States (US) Federal Reserve (Fed) interest rate hike announcement, said an analyst.

KUALA LUMPUR, July 28 — Malaysia's external trade surpassed the RM2 trillion mark for the first time in 2021, a 24.9 per cent increase year-on-year (y-o-y) versus a 3.3 per cent decrease in 2020, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 28 — Local investment banks expect Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) by at least 25 basis points (bps) by year-end, tracking the United States (US) Federal Reserve's 75 bps rate hike on Wednesday.

KUALA LUMPUR, July 27 — The International Monetary Fund (IMF) has revised its year-on-year economic growth forecast for Malaysia to 5.1 per cent in 2022 from 5.6 per cent previously, according to the fund's latest World Economic Outlook Update July 2022 (published on July 26).

KUALA LUMPUR, July 27 — The ringgit ended flat against the US dollar today on lack of buying momentum as traders remained cautious amid market volatility, said an analyst.

KUALA LUMPUR, July 27 — Bursa Malaysia Bhd does not foresee any major delays in companies’ listing plans in 2022 despite a risk-off environment sparked by a hawkish United States Federal Reserve (Fed) and external headwinds like the Ukraine-Russia war.

KUALA LUMPUR, July 27 — The Federal government’s total expenditure stood at RM86.7 billion in the first quarter of 2022 (Q1 2022), according to the Finance Ministry (MOF).

KUALA LUMPUR, July 27 — The ringgit opened higher against the US dollar amidst renewed buying interest for the domestic unit.

KUALA LUMPUR, July 26 — The ringgit ended easier against the US dollar today as investors remained on the sidelines ahead of the United States economic policy updates, said an analyst.

KUALA LUMPUR, July 26 — An assessment of the ringgit’s position and growth needs to be done holistically to determine the local currency’s actual performance, instead of merely measuring it against the United States (US) currency which is on the rise compared to most world currencies.

KUALA LUMPUR, July 26 — The ringgit has remained relatively stable when compared with the currencies of Malaysia’s major trading partners, while the country’s nominal effective exchange rate registered a marginal decline of about 0.1 per cent, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus.

KUALA LUMPUR, July 26 — Malaysia’s economy is firmly on a recovery path supported by domestic activities and positive external demand.

KUALA LUMPUR, July 26 — The income component accruing to production namely compensation of employees (CE) and gross operating surplus (GOS) has contributed 34.8 per cent compared with 37.1 per cent in 2020 and 62.9 per cent from 60.1 per cent of gross domestic product (GDP) respectively as the economy is on a gradual recovery path, said the Department of Statistics Malaysia (DOSM) today.

KUALA LUMPUR, July 26 — The ringgit lost ground against the US dollar this morning ahead of the United States Federal Open Market Committee (FOMC) meeting later today.

KUALA LUMPUR, July 25 — The ringgit ended almost flat against the US dollar on Monday as investors remained in a wary mode amid the volatile market, said an analyst.