Local note expected to trade in narrow range of around RM4.22 to RM4.23 today

Greenback weakens on renewed US-China trade tensions, analyst says

Local note however eases against regional, major currencies

DXY rising over Washington shutdown but trend may be unsustainable, says analyst

Local note also climbs against regional, other major currencies

It is expected to trade at RM4.19 range, says economist

KUALA LUMPUR, July 31 — The ringgit opened higher against the United States dollar and a basket of major currencies today, ahead of the 13th Malaysia Plan (13MP) announcement this afternoon, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, July 10 — The ringgit opened firmer against the United States dollar today, as markets shrugged off the 25-basis-point Overnight Policy Rate (OPR) cut to 2.75 per cent by Bank Negara Malaysia yesterday.

KUALA LUMPUR, July 9 — The ringgit opened slightly lower against the United States dollar today, as investors remained cautious ahead of Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting, with economists divided over the likelihood of an overnight policy rate (OPR) cut, said an analyst.

KUALA LUMPUR, July 3 — The ringgit opened higher against the United States dollar today, rebounding from a weaker close the day before, as traders turned cautious and pared greenback holdings ahead of the July 9 expiry of the US’ 90-day tariff pause, an analyst said.

KUALA LUMPUR, July 2 — The ringgit opened stronger against the United States dollar today, supported by continued weakness in the greenback as fiscal uncertainties and tariff risks in the US weighed on sentiment, an analyst said.

KUALA LUMPUR, July 1 — The ringgit extended its upward trend at today’s open, buoyed by persistent weakness in the US dollar.

KUALA LUMPUR, June 26 — The ringgit extended its gains against the United States dollar today, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs.

TOKYO, May 26 — The euro jumped along with risk-sensitive currencies like the Australian dollar today after President Donald Trump backed down from threatened 50 per cent duties on European Union shipments from June 1, after the bloc asked for time to "reach a good deal".

KUALA LUMPUR, May 21 — The ringgit ended higher today as concerns over the fiscal health of the United States continued to weigh on the greenback.

KUALA LUMPUR, May 15 — The ringgit opened slightly lower against the US dollar as traders continue to observe the potential trade deal between the United States and China, along with geopolitical risks, said an economist.

KUALA LUMPUR, May 13 — The ringgit opened slightly higher against the United States dollar today, supported by positive sentiment from US-China diplomatic negotiations on US’ reciprocal tariffs, an analyst said.

KUALA LUMPUR, May 6 — The ringgit extended gains, opening stronger against the US dollar today, supported by ongoing positive sentiment towards the local currency, said an analyst.

KUALA LUMPUR, April 29 — The ringgit continued its uptrend in early trade on Tuesday, strengthening against the US dollar on buying interest in the local note, amid a decline in the US Dollar Index (DXY).

KUALA LUMPUR, March 24 — Bank Negara Malaysia (BNM) emphasised that structural reforms and policies must take precedence over excessive reliance on international reserves to manage currency fluctuations.