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Ringgit weakens past 4 to US$

KUALA LUMPUR: The ringgit weakened against the surging US dollar in late morning trade on Monday to 4.0015, which was the lowest since January this year.

Forex regulator: Foreign investors more willing to hold yuan assets

SHANGHAI: The willingness of overseas investors to hold yuan-denominated assets is rising fast and the authorities plan to further increase the Chinese currency’s flexibility, China’s foreign exchange regulator Pan Gongsheng said yesterday.

Hong Kong's central bank raises base rate 25 bps after Fed hike

HONG KONG: The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 2.25 percent after the U.S Federal Reserve raised interest rates by a quarter of a percentage point.

Ringgit slips against US$ on US Fed interest rate hikes

KUALA LUMPUR: The ringgit slipped further against the US dollar early Thursday, nearing the 4.00 level after the US Federal Open Market Committee hinted at two rate hikes this year, but the market is still cautious on uncertainty over the European Central Bank's (ECB) quantitative easing plans

OANDA Head of Trading in Asia-Pacific, Stephen Innes said the market should anticipate another lazy day Thursday with investors remaining sidelined ahead of the ECB meeting as they remain glued to macro moves in the global interest rate environment.

US funds constructive on ringgit, says Goldman Sachs


KUALA LUMPUR: US real-money funds are generally constructive on the ringgit although there are concerns about Malaysia’s fiscal outlook following last month’s unexpected election result, according to Goldman Sachs.

Ringgit slides ahead of US Fed meeting

KUALA LUMPUR: The ringgit opened lower against the US dollar for the third day running with traders expected to remain defensive throughout today's session as the market awaits the outcome of the Federal Open Market Committee (FOMC) meeting today.

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