klpost

Ringgit will stabilise gradually, no large outflow – BNM

Ringgit will stabilise gradually, no large outflow – BNM

Kuala Lumpur – Measures undertaken by Bank Negara Malaysia have not only helped stem the ringgit’s decline but have also gradually stabilised the currency, says BNM governor Muhammad Ibrahim. “The impact of measures announced (on Dec 2, 2016) has been significant, and the ringgit has been very stable the last two months and the volatility […]

 klpost

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 […]

 klpost

Ringgit closes lower against greenback

Ringgit closes lower against greenback

Kuala Lumpur – The ringgit closed lower against the US dollar today on lack of buying interest, taking the cue from the easier Bursa Saham Malaysia. At 6pm, the local unit stood at 4.4250/4300 against the greenback compared with 4.4230/4280 yesterday. A dealer said the ringgit’s fall was in tandem with other Asian currencies which […]

 klpost

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 […]

 klpost

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 […]

 klpost

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, […]

 klpost

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 […]

 klpost

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 […]

 klpost

Ringgit extends gain to close higher against greenback

Ringgit extends gain to close higher against greenback

Kuala Lumpur – The ringgit extended gains to close marginally higher against the US dollar today. At 6pm, the local unit stood at 4.4340/4370 against the greenback compared with 4.4350/4390 on Thursday. A dealer said the greenback continued its downtrend on indication by the US Federal Reserve (Fed) of fewer interest rate hikes, resulting in […]

 klpost

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 […]

1 2 3 87