KUALA LUMPUR, Feb 18 — The ringgit is projected to hover at the current 4.42-4.45 range against the US dollar next week amid rising risks of a longer interest rate cycle after another hot inflation report.

KUALA LUMPUR, Feb 17 — The ringgit extended losses against the US dollar for the third straight day after another US hot inflation report further confirmed the possibility of a ‘higher for longer' interest rate path.

KUALA LUMPUR, Feb 16 — The ringgit eased against the US dollar for the second consecutive day amid continued sell-off after strong United States (US) retail data propelled bets on the Federal Reserve (Fed) hiking interest rates further.

KUALA LUMPUR, Feb 16 — The ringgit opened lower again today as demand for the US dollar strengthened following US retail sales data which picked up further in January, beating market expectations, analysts said.

KUALA LUMPUR, Feb 15 — The ringgit fell further against the US dollar amid bearish local risk sentiment as investors digested the United States (US) inflation data for January, which pointed to the possibility of a longer string of interest rate hikes.

KUALA LUMPUR, Feb 14 — The ringgit ended higher against the weaker US dollar as traders adjust their positions ahead of the United States (US) consumer price index (CPI) data set to be released later today.

KUALA LUMPUR, Feb 13 — The ringgit traded lower against the US dollar on Monday as investors await the US January consumer price index (CPI) figure, the first for the year, scheduled to be released on Tuesday to gauge the Federal Reserve's monetary policy future path.

KUALA LUMPUR, Feb 13 — The ringgit opened lower against the US dollar today, extending its downtrend from last Friday as concerns over further interest rate increases by the United States Federal Reserve (Fed) weighed on sentiments, analysts said.

KUALA LUMPUR, Feb 11 — Bursa Malaysia is likely to trend sideways with slightly positive bias within the 1,470-1,490 range next week after a strong set of 2022 gross domestic product (GDP) data was released on Friday, a dealer said.

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, Feb 10 — The ringgit extended its downtrend against the US dollar at the close on Friday attributed to the ongoing hawkish pushback from Federal Reserve (Fed) members on any hopes for an interest rate cut in 2023, said an analyst.

KUALA LUMPUR, Feb 10 — The ringgit extended yesterday’s weaker performance to trade slightly lower against the US dollar in the early session today, as more investors shifted towards the safe haven currencies on United States’ (US) commitment to lowering inflation by any means necessary, an analyst said.

KUALA LUMPUR, Feb 9 — The ringgit reversed yesterday’s gains to close slightly lower against the US dollar today, on better demand for the greenback as United States (US) rate cut expectations fade while the faltering China reopening risk rally continues to stymie Asian foreign exchange, an analyst said.

KUALA LUMPUR, Feb 8 — The ringgit ended slightly higher against the US dollar today on higher oil prices and as more investors shifted their interest towards emerging currencies after less hawkish remarks on interest rates from the US Federal Reserve (Fed) chairman, said an analyst.

KUALA LUMPUR, Feb 7 — The ringgit ended lower against the US dollar today as the United States (US) non-farm payrolls data rattled the Asian foreign exchange, an analyst said.

KUALA LUMPUR, Feb 4 — The ringgit is likely to trade at the 4.25 level against the US dollar next week on the back of optimism about China’s economic rebound.

KUALA LUMPUR, Feb 3 — The ringgit ended lower against the US dollar at the end of the trading week as investors’ gaze fixed on the release of US non-farm payrolls later today.

KUALA LUMPUR, Feb 2 — The ringgit closed higher against the US dollar today as the US Federal Reserve (Fed) increased its interest rates by another quarter-percentage point.

KUALA LUMPUR, Feb 2 — The ringgit appreciated against the US dollar this morning following the United States (US) Federal Reserve's (Fed) encouraging move to slow the pace of its interest rate hikes during its recent meeting.

KUALA LUMPUR, Jan 31 — The ringgit closed lower against the US dollar today amid pressure from external developments including a weak Asia foreign exchange (FX) environment, sluggish global oil prices and economic data from China.