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KUALA LUMPUR: The ringgit is playing catch up to the US dollar as surging global interest in the greenback increases its demand and value tremendously.
The ringgit is expected to trend downward against the US dollar this week on lack of catalysts, according to an analyst.
MALAYSIA, like the rest of the world, is heading into a period of economic normalisation.
KUALA LUMPUR: The ringgit reversed yesterday’s gains to open slightly lower against the US dollar this morning as sentiment for the greenback strengthened, an economist said.
KUALA LUMPUR: The door for a further hike in the overnight policy rate (OPR) of another 25 basis points (bps) in the near term is still open in the second half of this year, subject to the stability of economic growth, pace of inflationary rate and improvements in the macroeconomic conditions.
KUALA LUMPUR: The ringgit turned slightly lower against the US dollar today amid cautious sentiment ahead of Bank Negara Malaysia’s (BNM) interest rate decision later today, an analyst said.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today ahead of the results of Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) meeting, which is scheduled for tomorrow.
KUALA LUMPUR: The ringgit was traded easier against the US dollar in the early session today amid stronger demand for the greenback, said an analyst.