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Ringgit seen trading at range-bound at RM4.38 to RM4.40 against the US dollar this week
The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar this week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.
Ringgit seen trading range-bound at RM4.38-RM4.40 against US dollar next week
KUALA LUMPUR: The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar next week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.
Ringgit ends higher versus US dollar
KUALA LUMPUR: The ringgit traded more favourably against the US dollar on the last day of the week, ending on a firmer note amid improved sentiment following China’s move to cut a key interest rate to boost its economy, analysts said.
Oil falls on uncertainty over fuel demand recovery
OIL prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.
Asian markets up after Wall Street battering over recession fears
Asian markets opened higher Friday, as bargain-hunters capitalised on the battering Wall Street took the day before after decades-high inflation sparked recession fears.
Ringgit hits RM4.40 to US dollar on global recession concerns
KUALA LUMPUR: The ringgit closed lower today, hitting RM4.40 against the US dollar on global recession concerns, said an analyst.
KLCI in the red, ringgit hit the lowest since March 2020
KUALA LUMPUR: The FBM KLCI ended 0.35% lower on Thursday as risk sentiment soured as investors were concerned over the global economic slowdown.
Oil prices recoup early losses on China hopes, global supply fears
TOKYO: Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.
Asian markets plunge after Wall St battering
HONG KONG (AFP): Asian markets posted big early losses Thursday (May 19), after Wall Street suffered one of its worst batterings in two years in the previous session.
Asian markets mixed after US retail data boosts Wall Street
HONG KONG (AFP): Asian stocks were mixed Wednesday (May 18) following a strong start in some markets, which took the lead from Wall Street where traders were cheered by brisk US retail sales data.
