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Ringgit closes higher against greenback

Ringgit closes higher against greenback

Kuala Lumpur – The ringgit closed higher against the US dollar today on renewed buying interest for the local currency on the back of better growth projection for the Malaysian economy. At 6pm, the local unit stood at 4.4230/4280 against the greenback compared with 4.4270/4310 on Thursday. A dealer said Bank Negara Malaysia’s projection of […]

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Ringgit rebounds against US dollar

Ringgit rebounds against US dollar

Kuala Lumpur – The ringgit rebounded to open higher against the US dollar today as Bank Negara’s projection of a 4.3-4.8 per cent growth for the Malaysian economy, this year, was viewed positively by market players. At 9 am, the local note was traded at 4.4250/4330 against the greenback from Thursday’s close of 4.4270/4310 “The news […]

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Ringgit continues downtrend, opens lower against US dollar

Ringgit continues downtrend, opens lower against US dollar

Kuala Lumpur – The ringgit continued its downtrend to open lower against the US dollar as the weaker global crude oil price dampened demand for the local note. At 9 am, the local note was traded at 4.4290/4330 against the greenback from Wednesday’s close of 4.4250/4300. A dealer said oil prices fell to an almost […]

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Ringgit retreats in early trade

Ringgit retreats in early trade

Kuala Lumpur – The ringgit erased yesterday’s gains to open lower, in early trade, on mild selling pressure against the backdrop of more dovish-than-expected monetary policy from the US Federal Reserve, a dealer said. At 9 am, the local note was traded at 4.4290/4330 against the greenback from Tuesday’s close of 4.4230/4280. He said the […]

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Ringgit close higher against greenback

Ringgit close higher against greenback

Kuala Lumpur – The ringgit extended its gain to close higher against the US dollar today, as the greenback remained under pressure following a more dovish-than-expected monetary policy from the Federal Reserve. At 6pm, the local unit stood at 4.4230/4280 against the greenback compared with 4.4250/4280 on Monday. A dealer said the ringgit retreated from […]

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Ringgit continues uptrend against US dollar

Ringgit continues uptrend against US dollar

Kuala Lumpur – The ringgit opened higher against the US dollar again this morning as the greenback remained under pressure after a hawkish stance by the Federal Reserve on interest rate increases. At 9am, the local note was traded at 4.4230/4270 against the greenback from yesterday’s close of 4.4250/4280. Chicago Federal Reserve President, Charles Evans, […]

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Ringgit closes higher as US dollar remains under pressure

Ringgit closes higher as US dollar remains under pressure

Kuala Lumpur – The ringgit closed higher against the US dollar today as the greenback continued to remain under pressure following a less hawkish stance by the Federal Reserve on interest rate hikes. At 6 pm, the local unit stood at 4.4250/4280 against the greenback compared with 4.4340/4370 on last Friday. A dealer said the […]

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Ringgit opens marginally higher against US dollar

Ringgit opens marginally higher against US dollar

Kuala Lumpur – The ringgit opened marginally higher against the US dollar this morning as the greenback extended its weakness on the possibility of the US Federal Reserve raising interest rate on a gradual basis. This move resulted in more investors shifting their interest to emerging currencies, including the ringgit. At 9am, the local note […]

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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

Kuala Lumpur – The ringgit opened marginally lower against the US dollar Friday as investors remained cautious following the interest rate increase by the US Federal Reserve on Wednesday and ahead of the weekend. Players were adopting a “wait-and-see” attitude and kept their exposure to the greenback to the minimum until a more clearer direction […]

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Ringgit closes 100 pip higher against greenback

Ringgit closes 100 pip higher against greenback

Kuala Lumpur – The ringgit closed higher by more than 100 percentage-in-points (pip) against the US dollar today, as the bearish outlook in the US interest rate spurred more investors to shift towards emerging currencies, including the ringgit. At 6pm, the ringgit stood at 4.4350/4390 against the greenback compared with 4.4460/4500 on Wednesday. A dealer […]

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