KUALA LUMPUR, Dec 27 — The ringgit opened marginally higher against the US dollar on Wednesday as risk sentiment remained driven by anticipation of a Federal Reserve interest rate reduction in March next year, said an analyst.
KUALA LUMPUR, Dec 26 — The ringgit has continued to rise against the US dollar, opening higher on the first trading day of the last trading week for the year, although the ongoing long holiday season saw many investors on the sidelines, an analyst said.
KUALA LUMPUR, Dec 23 — The ringgit is expected to trade slightly higher against the US dollar next week and move between the RM4.62 and RM4.63 level amid subdued demand ahead of the Christmas and New Year breaks.
KUALA LUMPUR, Dec 20 — The ringgit closed firmer against the US dollar on Wednesday following the United States Federal Reserve (Fed) expectation of easing its monetary policy next year.
KUALA LUMPUR, Dec 18 — The ringgit closed lower against the US dollar today as risk sentiment remained fragile for the local note following higher US treasury yields and doubts on China’s economic outlook, said an analyst.
KUALA LUMPUR, Dec 16 — The ringgit is expected to trend higher next week following the positive effects of China’s latest domestic stimulus and a pivot in the US Federal Reserve’s (Fed) policy stance, said SPI Asset Management managing partner Stephen Innes.
KUALA LUMPUR, Dec 9 — 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 US Federal Reserve (Fed) on its monetary policy.
KUALA LUMPUR, Dec 6 — The ringgit depreciated against the US dollar for the second consecutive day today due to the lack of demand as the US Dollar Index (DXY) continued to strengthen.
KUALA LUMPUR, Nov 29 — The ringgit closed higher today for the third straight day against the greenback on rising expectations for an early US interest rate cut.
KUALA LUMPUR, Nov 29 — The ringgit continued its upward momentum to open higher against the US dollar today as the United States (US) Treasury yields and dollar indices dropped to their lowest in months, said an analyst.
KUALA LUMPUR, Nov 28 — The ringgit closed higher against the US dollar today driven by weak United States (US) housing data released in a joint report by the US Department of Housing and Urban Development and US Census Bureau yesterday.
KUALA LUMPUR, Nov 27 — The ringgit closed higher against the US dollar compared to last Friday, ahead of the United States (US) Personal Consumption Expenditures (PCE) inflation data set to be unveiled later this week.
KUALA LUMPUR, Nov 25 — The ringgit is expected to trade range-bound ahead of the next set of tier-one United States (US) economic data on Friday (December 1) of which the key US non-farm payroll (NFP) will be released, an analyst said.
KUALA LUMPUR, Nov 20 — The ringgit closed stronger against the US dollar today in line with the broader foreign exchange (forex) market as traders started to consider the real possibility of the United States Federal Reserve (Fed) cutting interest rates for non-recessionary reasons, said an analyst.
KUALA LUMPUR, Nov 17 — The ringgit closed higher against the greenback today as the latest economic data from the United States (US) heightened the expectation the US Federal Reserve (US Fed) is done with interest rate hikes, with traders now speculating on when the Fed will start cutting rates, a dealer said.
KUALA LUMPUR, Nov 16 — The ringgit closed easier against the US dollar today as the greenback rebounded from an over two-month low earlier this week on the back of a stronger-than-expected United States (US) retail sales data.
KUALA LUMPUR, Nov 14 — The ringgit closed lower against the US dollar today as traders awaited the release of the United States consumer price index (CPI) data later in the day.
KUALA LUMPUR, Nov 7 — The ringgit opened lower against the US dollar today as technical correction prevailed following a sizeable rally over the last three trading days, said an analyst.
KUALA LUMPUR, Nov 4 — The ringgit is expected to strengthen further next week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat Malaysia Bhd's chief economist and head of social finance Mohd Afzanizam Abdul Rashid.
KUALA LUMPUR, Nov 3 — The ringgit ended the week on Friday by extending substantial gains against the greenback as a pause in the United States' (US) interest rates continued to lift sentiment, analysts said.
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