DXY continues to fall due to a weak American job market

KUALA LUMPUR, Dec 31 — The ringgit opened higher against the US dollar this morning, despite rising demand for the safe-haven currency amid ongoing global economic uncertainties and heightened geopolitical risks, an analyst said.

NAYPYIDAW, Aug 21 — A rapid depreciation of Myanmar’s currency is pushing up prices of essential goods, including food and medicine, affecting ordinary households in the country wrecked by civil war and a crumbling economy.

KUALA LUMPUR, Aug 6 — The ringgit has shown continued strength against the greenback at the opening, as prospects of United States rate cuts loom, an analyst reported.

KUALA LUMPUR, July 30 — The ringgit continued to strengthen against the United States dollar today, revisiting the 4.63 level last seen in January, on the back of rising optimism of a United States interest rate cut and domestic growth.

KUALA LUMPUR, July 24 — The ringgit was flat against the United States dollar in the morning session and mixed against a basket of other major currencies ahead of Malaysia’s inflation announcement today, said an analyst.

KUALA LUMPUR, July 23 — The ringgit opened higher against the United States dollar and a basket of other major currencies as market participants awaited Malaysia’s inflation announcement, said an analyst.

KUALA LUMPUR, July 2 — The ringgit opened lower against the strengthening United States dollar but rose versus other major currencies, said an economist.

NAYPYIDAW, June 4 — Myanmar’s junta is cracking down on gold and foreign exchange traders and agents selling foreign real estate, with 35 arrests announced in the last two days as part of efforts to stabilise its rapidly depreciating currency.

KUALA LUMPUR, Nov 24 — The ringgit traded almost flat at the opening against the US dollar today on lack of fresh buying interest amid low volatility due to the Thanksgiving holiday in the United States (US).

ISKANDAR PUTERI, May 29 — The government has not planned to revise the economic growth forecast this year following the depreciation of the ringgit’s value in the last two weeks.

KUALA LUMPUR, March 29 — Malaysia's currency in circulation (CIC) grew by 8.0 per cent to RM162.1 billion in 2022 from RM150.1 billion in 2021, compared to a record high of 15.1 per cent in 2021.

KUALA LUMPUR, Dec 15 — The ringgit opened marginally lower this morning as investors weighed the impact of the United States' (US) lower inflation data on the market, which could potentially lead to a devaluation of the US currency in the short term.

KUALA LUMPUR, Dec 2 — The ringgit continued to open higher against the US dollar for the third consecutive day today, following the release of the United States (US) initial economic data that indicated inflation concerns, an analyst said.

SINGAPORE, May 24 — The Singapore dollar hit an all-time high against the Malaysian ringgit on Monday (May 23), Channel News Asia (CNA) reported.

KUALA LUMPUR, April 29 — The ringgit rebounded to open slightly higher against the US dollar today after two consecutive days of losses as the cheaper ringgit attracted investors, said an analyst.

KUALA LUMPUR, April 28 — The ringgit opened slightly lower against the US dollar today amid stronger demand for the greenback, said an analyst.

KUALA LUMPUR, April 27 — The ringgit retreated from yesterday's gains to open slightly lower against the US dollar today on renewed concerns about the global economic outlook, said an analyst.

KUALA LUMPUR, April 26 — The ringgit opened slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst.

KUALA LUMPUR, April 25 — The ringgit extended its downtrend against the US dollar on Monday on stronger buying support for the greenback as the market turns its focus on the upcoming US Federal Open Market Committee (FOMC) meeting on May 3 and 4, said an analyst.