MUFG sees ringgit strengthening to 3.70 by end-2026
KUALA LUMPUR: The ringgit's appreciation cycle is likely to remain durable, with MUFG Bank projecting the US dollar-ringgit pair to trend towards 3.7000 by end-2026, supported by structural economic strengths and improving capital flows.
Ringgit opens higher against US$ on steady domestic sentiment
KUALA LUMPUR: The ringgit opened higher against the US dollar, despite a firmer greenback, as continued confidence in Malaysia's economic fundamentals supported the local currency.
Ringgit extends gains boosted by sound data
The ringgit rose by 0.25% against the US dollar, strengthening for the third consecutive day yesterday, supported by encouraging domestic economic indicator
Ringgit extends gains, boosted by strong economic data
KUALA LUMPUR: The ringgit rose by 0.25 per cent against the US dollar, strengthening for the third consecutive day on Wednesday, supported by encouraging domestic economic indicators.
Australian dollar hits three-year peak on rate-hike bets
SYDNEY: The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the greenback came under pressure from softer U.S. economic data.
Ringgit opens flat against greenback amid caution ahead of US labour data
KUALA LUMPUR: The ringgit opened nearly unchanged against the US dollar on Wednesday, as investors adopt a cautious stance ahead of key United States labour market data release.
Ringgit climbs to 3.92 vs US dollar ahead of Malaysia's GDP data
KUALA LUMPUR: The ringgit revisited the 3.92 level to end higher against the US dollar on Tuesday, as investors took positions ahead of the release of Malaysia's gross domestic product (GDP) data on Friday.
Ringgit opens firmer against US$ on weaker greenback
KUALA LUMPUR: The ringgit opened firmer against the US dollar on Tuesday, supported by broad-based weakness in the greenback amid concerns over reduced demand for US assets.
More than US dollar’s fall behind ringgit’s rise
THE ringgit's appreciation trend is compelling, marking a significant reversal from years of weakness, signalling a clear shift toward greater macroeconomic stability and enhanced confidence in Malaysia's economic trajectory, driven by resilient domestic demand, targeted structural reforms, and a revitalised investment landscape.
Major Australian pension fund says Aussie dollar is undervalued
SYDNEY: A major Australian pension fund has been increasing the hedging of its international equities portfolio, saying the Australian dollar has been undervalued as the country's central bank starts to tighten rates while most major economies keep rates on hold or prepare to cut.
