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Global Foreign Exchange Market

THE dollar continued its upward trend, up 0.1% to 94.9 amid the risk-off sentiment triggered in global markets due to the escalating trade tension between the US and China. As soon as the White House announced the list of US$50bil worth of Chinese goods to be slapped with tariffs,

No room for shadow play in the clean-up of GLCs

THERE are government-linked companies (GLCs) and Ministry of Finance (MoF) owned companies that need to be cleaned up. But in the process, those executives who are performing should not be shown the door.

Ringgit to trade between 3.99 and 4, says AmBank Research

KUALA LUMPUR: AmBank Research expects the ringgit to trade between its support level of 3.9968 and 4.0038 against the US dollar while its resistance is pegged at 4.0242 and 4.0382 With continued uncertainties on the external front.

Dollar perched at 11-month highs as trade concerns weigh

LONDON: The dollar hit a 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility.

Ringgit higher against US$ on bargain hunting

KUALA LUMPUR: The ringgit was higher against the US dollar early Wednesday, reversing yesterday's losses and as bargain hunting emerged to take advantage of the recent depreciation, a dealer said.

The dealer said Tuesday's weaker close was the first time the ringgit had breached the 4.0 level in more than five months, pushing demand for the local currency, despite uncertainty over Malaysia's fiscal deficit as well as US-China trade war tensions.