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Ringgit opens higher against US$ on better demand and oil prices

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar early Friday on better demand for the local note as news on higher global oil prices and the US dollar's gloomy outlook helped lift sentiment towards the ringgit, said a dealer

At 9 am (0100 gmt), the local unit improved to 4.1420/1470 against the greenback from 4.1430/1460 on Thursday.

Ringgit opens higher as steady oil prices lift

KUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying interest as demand for the greenback eased amid the lack of new catalysts, said a dealer.

Faced with trade war risk, yuan to manage only modest rise

BENGALURU: The Chinese yuan will trim only some of its recent losses against the dollar over the coming year, with the People's Bank of China increasingly likely to intervene to support the currency against a still-rampant dollar, a Reuters poll found.

Trading in the partly-managed yuan, which has lost about 5 percent since the start of the year, was volatile this week amid threats that U.S. President Donald Trump could impose additional tariffs on Chinese goods worth $200 billion

Emerging market currencies tank, ringgit at 9-month low

PETALING JAYA: Emerging market contagion fears have put the currencies of countries with twin deficits under pressure. The Ringgit was at 9-month low and Indonesian rupiah at lowest level since Asian Crisis

Rupiah sinks on contagion worries

PETALING JAYA: Indonesia rupiah hit an all-time low of 14,933 against the US dollar. The emerging market crisis has sent the currency of the country with the largest population in the region to a level last seen during the 1998 Asian financial crisis.

US$ climbs, emerging markets under pressure

NEW YORK: Stocks fell in major markets around the world on Tuesday, and emerging markets currencies lost ground while the dollar rose as investors braced for an escalation in the U.S.-China trade conflict

In currencies, the U.S. dollar index .DXY, which measures the greenback against a basket of major currencies, rose 0.27 percent, with the euro EURO down 0.32 percent to $1.1586.  The Canadian dollar weakened to a six-week low against its U.S. counterpart amid an uncertain outlook for Canada's trading arrangement with the United States. A JPMorgan emerging market currency index fell to its lowest since May 2017. The Mexican peso also slipped against the dollar.  "We are just waiting for something to turn the EM (emerging market) sentiment because the valuations look really attractive, but it's just a slow meltdown at the moment," said Standard Life Aberdeen EM portfolio manager Viktor Szabo.

Ringgit seen hovering around 4.09–4.13, FBM KLCI 1,775-1,887

KUALA LUMPUR: AmResearch sees the ringgit hovering between 4.09 and 4.13 against the US dollar in September amid equities markets volatility. FBM KLCI is expected to trade between 1,775 and 1,887 in September, with the downside around 1,750

“With volatility on the table, the ringgit is expected to hover around 4.09-4.13 against the US dollar in September, with the possibility to reach 4.15,” AmBank Research chief economist Anthony Dass (pic) said.

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