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Ringgit eases against US dollar

Ringgit eases against US dollar

The ringgit opened lower against the US dollar today weighed by the weaker crude oil price, dealers said. At 9 am, the local unit stood at 4.2870/2900 against the greenback from 4.2855/2885 on Thursday. A dealer said with Brent plunging below US$45 for the first time since November, investors are becoming more concerned as to […]

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Ringgit finishes marginally higher against US dollar

Ringgit finishes marginally higher against US dollar

Kuala Lumpur – The ringgit pared yesterday’s losses to finish marginally higher against the US dollar today, thanks in part to the positive May inflation data released on Wednesday. At 6pm, the local note was quoted at 4.2855/2885 against the greenback from Wednesday’s close of 4.2860/2890. A dealer said the improved inflation data which showed […]

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Ringgit stronger against US dollar

Ringgit stronger against US dollar

The ringgit opened higher against the US dollar today on mild buying, dealers said. At 9am, the local unit stood at 4.2840/2880 against the greenback from 4.2860/2890 on Wednesday. A dealer said market sentiment was lifted by better economic data from the Department of Statistics which showed that inflation in May rose 3.3% year-on-year as […]

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Ringgit extends losses on falling oil prices

Ringgit extends losses on falling oil prices

Kuala Lumpur – The ringgit extended its losses to close lower against the US dollar today, mainly dragged down by the falling crude oil prices. At 6 pm, the local note was quoted at 4.2860/2890 against the greenback from Tuesday’s close of 4.2820/2850. A dealer said the declining crude oil prices due to oversupply in […]

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Ringgit opens easier against US dollar

Ringgit opens easier against US dollar

Kuala Lumpur – The ringgit opened lower against the US dollar today as the greenback continued its uptrend momentum on the back of optimism over a seemingly stronger US economic outlook. At 9am, the local unit stood at 4.2870/2900 against the greenback from 4.2820/2850 on Tuesday. A dealer said the ringgit’s movement continued to be […]

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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

Kuala Lumpur – The ringgit opened lower against the US dollar today as mild recovery in buying interest helped the greenback recover from yesterday’s drop due to profit-taking. At 9 am, the local unit stood at 4.2815/2845 against the greenback from 4.2760/2790 on Monday. A dealer said the ringgit performance throughout the week would largely […]

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Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

Kuala Lumpur – The ringgit closed lower against the US dollar and a basket of major currencies today, dragged down by falling oil prices and against the backdrop of the US Federal Reserve (Fed) interest rate increase. At 6pm, the local unit stood at 4.2760/2790 against the greenback, compared with 4.2740/2790 last Friday. A dealer […]

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Ringgit rebounds against US dollar in early trade

Ringgit rebounds against US dollar in early trade

Kuala Lumpur – Profit-taking on the US dollar helped the ringgit to rebound from last week’s two consecutive losses against the greenback. At 9 am, the local unit stood at 4.2680/2730 against the greenback from 4.2740/2790 on Friday. A dealer said profit taking emerged as traders booked profit from the recent rally in the US […]

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Ringgit continues downtrend against US dollar

Ringgit continues downtrend against US dollar

Kuala Lumpur – The ringgit continued its downtrend against the US dollar today on weaker buying interest as investors digested the latest signals from the US Federal Reserve (Fed), dealers said. At 6pm, the local unit stood at 4.2740/2790 against the greenback from Thursday’s close of 4.2650/2700. The Fed wrapped up a two-day meeting on […]

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Ringgit lower in early trade

Ringgit lower in early trade

Kuala Lumpur – The ringgit was weaker against the US dollar in early trade today as the latter rallied after US Federal Reserve (Fed) announced the interest rate increase. At 9 am, the local unit stood at 4.2770/2800 against the greenback from 4.2650/2700 on Thursday. FXTM Research Analyst, Lukman Otunuga, said although the US dollar […]

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