Ringgit kicks off the week in steady mode, bullish outlook remains
The ringgit opened almost flat and is expected to retain its bullish trend as the US Fed rate cut last week signalled a soft landing for the US economic growth
Mon Sep 23 2024
Ringgit opens stronger vs greenback amid hopes of US rate cuts
At the opening, the ringgit traded mostly lower against a basket of major currencies.
Tue Sep 17 2024
Ringgit breaches 4.30 level against US dollar, hits 20-month high
The market appears to be expecting a Fed rate cut of between 25 and 50 basis points, says Dr Mohd Afzanizam Abdul Rashid.
Fri Sep 13 2024
Ringgit opens higher against weakening US dollar
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) slipped 0.31 per cent to 101.366.
Fri Sep 13 2024
Ringgit edges higher vs US dollar after BNM holds rate at 3 pct
BNM held the interest rate steady as the current monetary policy stance remains supportive of the economy.
Fri Sep 06 2024
Ringgit opens slightly higher against US dollar
Dr Mohd Afzanizam Abdul Rashid said the US equities market fell quite significantly.
Wed Sep 04 2024
Ringgit easier against US dollar but higher versus other major currencies in early trade
Dr Mohd Afzanizam Abdul Rashid said the ringgit should stay positive today as the Fed is on track to reduce its interest rates this month.
Mon Sep 02 2024
Ringgit extends rally against US dollar, taking cue from Bursa Malaysia gains
Foreign investors' strong interest in Malaysia's capital markets has boosted demand for the ringgit, said Dr. Mohd Afzanizam.
Wed Aug 28 2024
Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist
Mohd Sedek said the ringgit's value is now primarily driven by market dynamics, dictated by supply and demand forces.
Wed Aug 28 2024
Ringgit opens flat against USD
The ringgit remained unchanged at 4.4295/4350 compared to the greenback from last Friday's close of 4.4295/4350.
Mon Aug 19 2024
Ringgit resumes uptrend to open higher against US dollar
Dr Mohd Afzanizam Abdul Rashid said ringgit's performance has been quite sanguine amidst the anticipation of a better GDP data for 2Q 2024.
Wed Aug 14 2024
US dollar little changed
The US dollar's value remained nearly unchanged in late trading on Monday, as reported.
Tue Aug 13 2024
Positive sentiment pushes ringgit to strengthen vs greenback at the opening
Dr Mohd Afzanizam Abdul Rashid said the USD/MYR would linger near its immediate support level of RM4.40 today.
Mon Aug 12 2024
Ringgit on non-stop rally for 11 straight days vs US dollar
Dr Mohd Afzanizam Abdul Rashid believes the ringgit versus US dollar is on track to move towards its current support level of RM4.40.
Mon Aug 05 2024
Ringgit rises to near 11-month high against US dollar
The ringgit continued its uptrend today, closing at a near 11-month high of RM4.58 against the US dollar.
Wed Jul 31 2024