KUALA LUMPUR, April 6 — The ringgit reversed its losses yesterday to close higher against the US dollar today as the greenback fell on the back of rallying United States’ (US) equities market, said a dealer.

KUALA LUMPUR, April 6 — The ringgit was higher against the US dollar at opening on Tuesday, lifted by buying support for the local currency, while the greenback is weakening through the global risk-on channel as foreign exchange traders sell the dollar and put more money to work outside of the US.

KUALA LUMPUR, April 5 — The ringgit opened unchanged against the US dollar today but was higher versus a basket of major currencies, supported by the seasonal demand bounce on crude oil demand.

KUALA LUMPUR, April 2 — The ringgit rebounded against the US dollar to 4.13 at the opening today, fuelled by firmer crude oil prices amid the ease of the safe-haven greenback and US bond yields.

KUALA LUMPUR, April 1 — The ringgit closed slightly higher against the US dollar amid firmer oil prices, analysts said.

KUALA LUMPUR, April 1 — The ringgit remained defensive to open slightly higher against the US dollar despite lower crude oil prices and the extension of conditional movement control order (CMCO) in several states, including the Klang Valley due to the rise in Covid-19 cases.

KUALA LUMPUR, March 31 — The ringgit marginally reversed its losses against the US dollar at closing time today on improved buying interest amid strong China factory data.

KUALA LUMPUR, March 31 — The ringgit extended its decline to open slightly lower against the US dollar today, weighed down by a strengthening greenback and higher US Treasury yields.

KUALA LUMPUR, March 30 — The ringgit ended lower against the US dollar today on the strengthening greenback as US Treasury yields climbed higher, forcing emerging currencies including the ringgit to retreat, said an analyst.

KUALA LUMPUR, March 30 — The ringgit opened easier against the US dollar despite news that Malaysia will be removed from the FTSE Russell Watch List and will retain its membership in the FTSE World Government Bond Index.

KUALA LUMPUR, March 29 — The ringgit was a relative outperformer against the US dollar at the close today as most Asian currencies retreated versus the greenback, said OANDA Asia Pacific senior market analyst Jeffrey Halley.

KUALA LUMPUR, March 29 — The ringgit was slightly lower against the US dollar at the opening today on lack of demand for the local note, while the greenback is attracting interest on optimism over the US economy, a dealer said.

KUALA LUMPUR, March 26 — The ringgit slid slightly against the greenback at the opening today, as safe-haven assets such as the US dollar continued to gain traction amid rising Covid-19 woes in Europe.

KUALA LUMPUR, March 25 — The ringgit slipped further versus the US dollar at opening today, as demand for the safe-haven greenback spiked due to persistent concerns over the Covid-19 resurgence and global lockdowns.

KUALA LUMPUR, March 19 — The ringgit reversed Thursday’s gains to open lower against the US dollar today amid falling crude oil prices and a spike in the United States (US) Treasury yields.

KUALA LUMPUR, March 18 — The ringgit opened in a relief rally by gaining 100 basis points (bps) against the US dollar following the dovish Federal Open Markets Committee’s (FOMC) decision to keep the US interest rates near zero.

KUALA LUMPUR, March 17 — The ringgit opened almost unchanged with a downward bias against the US dollar, as traders are keeping an eye on the outcome of the two-day Federal Open Market Committee (FOMC) meeting scheduled to end later on Wednesday.

KUALA LUMPUR, March 16 — The ringgit opened flat against the US dollar for the second consecutive day Tuesday, as trading remained subdued ahead of the Federal Open Markets Committee (FOMC) meeting on March 16 and 17.

KUALA LUMPUR, March 15 — The ringgit opened flat against the US dollar Monday, as traders cautiously await the Federal Open Markets Committee (FOMC) meeting on March 16 and 17 after the US 10-year yields up nine basis points to 1.62 per cent last Friday.

KUALA LUMPUR, March 12 — The ringgit opened slightly lower against the US dollar Friday despite closing 200 basis points (bps) better Thursday, tracking the emerging market currency movement due improved risk appetite for the Chinese yuan and an easier greenback.