KUALA LUMPUR, May 8 — Bank Negara Malaysia (BNM) has reached the end of its hiking cycle and will leave the overnight policy rate (OPR) at 3.0 per cent for the rest of 2023, said BMI.

KUALA LUMPUR, March 21 — The ringgit maintained its positive momentum against the US dollar in early trade today, as continued global uncertainties prompted more investors to shift towards emerging currencies, including the ringgit, a dealer said.

KUALA LUMPUR, March 18 — The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

KUALA LUMPUR, March 7 — Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) unchanged at 2.75 per cent in the upcoming Monetary Policy Committee (MPC) meeting on Thursday, said Standard Chartered Bank (Singapore) Ltd.

KUALA LUMPUR, Feb 11 — The ringgit is likely to trade at the 4.3200-4.3450 level against the US dollar next week with a slightly negative bias as the ringgit is held hostage by external factors and predominantly a more hawkish rewrite of the Federal Reserve (Fed) narrative as the market starts pricing in more US rate hikes for 2023, said an analyst.

KUALA LUMPUR, Jan 16 — The ringgit maintained its strength against the US dollar after lower US inflation data led to expectations that the US Federal Reserve (Fed) would scale back a 25-basis point interest rate hike, prompting Malaysian exporters to reduce greenback holdings.

KUALA LUMPUR, Jan 16 — The ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve (Fed) downshift to a 25 basis points interest rate hike.

KUALA LUMPUR, Jan 13 — The ringgit jumped to a 10-month high against the greenback in anticipation of softer interest rate hikes in the United States going forward after the latest US inflation data showed a declining trend.

KUALA LUMPUR, Jan 12 — Standard Chartered Bank has forecast that Malaysia’s gross domestic product (GDP) growth is likely to ease to 4.0 per cent this year following 2022’s 8.8 per cent estimate.

KUALA LUMPUR, Jan 3 — The ringgit opened marginally higher against the US dollar on the first trading day of 2023, as China’s reopening and anticipation for less aggressive interest rate hikes in the United States (US) boosted buying support, dealers said.

KUALA LUMPUR, Dec 30 — The ringgit extended its upbeat momentum to open higher against the US dollar today, backed by anticipation that the United States (US) Federal Reserve (Fed) would ease its interest rate hikes, said an analyst.

KUALA LUMPUR, Nov 7 — The ringgit opened higher against the greenback as the United States (US) reported a higher unemployment rate and lower wage inflation last Friday.

KUALA LUMPUR, Nov 2 — Standard Chartered expects Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) by 25 basis points (bps) to 2.75 per cent, the fourth consecutive 25bps hike since May this year.

KUALA LUMPUR, Oct 29 — The ringgit is expected to trade cautiously against the US dollar next week as traders look towards the US Federal Reserve’s (Fed) decision on a possible interest rate hike on November 2.

KUALA LUMPUR, Oct 27 — The ringgit opened higher against the US dollar today following expectations that the United States (US) Federal Reserve (Fed) will slow the pace of interest rate hikes until the end of the year.

KUALA LUMPUR, Oct 25 — The ringgit opened barely changed against the US dollar due to the absence of fresh market catalysts.

KUALA LUMPUR, Oct 7 — The ringgit opened slightly lower against the US dollar this morning following hawkish comments from the United States (US) Federal Reserve (Fed) officials on raising the US interest rate by early 2023.

KUALA LUMPUR, Sept 28 — The ringgit continued to decline against the US dollar at the opening today as the dollar was supported by recent statements from the United States (US) Federal Reserve (Fed) chair Jerome Powell on taming the US’ inflation.

KUALA LUMPUR, Sept 23 — The ringgit opened marginally lower against the US dollar on Friday due to the lack of buying momentum as demand for the greenback remained strong on the back of its safe-haven status, a dealer said.

KUALA LUMPUR, Sept 21 — The ringgit slipped to a fresh all-time low against the US dollar at the opening on Wednesday, breaching the 4.5600 level due to the lower oil prices, coupled with the strengthening of the greenback, a dealer said.