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Decade-long reign of the greenback has likely peaked, structural weakness observed
KUALA LUMPUR, Sept 12 (Bernama): The ringgit is likely to strengthen against the US dollar next week on improved appetite for the domestic currency after Bank Negara Malaysia (BNM) maintained the overnight policy rate at 1.75 per cent on Thursday.
KUALA LUMPUR: The ringgit ended higher against the US dollar on the first trading day of the year in line with Asia's emerging currencies, as buying interest continued from last week on optimism over global growth recovery in 2021 amid vaccine rollout.
KUALA LUMPUR, Jan 2 (Bernama): The ringgit is expected to trade higher against the US dollar next week, on positive COVID-19 vaccine sentiment and better performance in crude oil prices, said an analyst.
THE ringgit rose to 3.9970 vs US dollar, the first time since June 2018 in late morning trade on Monday as the greenback slipped.
KUALA LUMPUR: The ringgit opened higher against the US dollar today on rising optimism among traders after US President Donald Trump inked the long-awaited "phase one” trade deal with China.
PETALING JAYA: The ringgit is expected to stay firm against the US dollar at the 4.07-4.10 levels by year-end.
KUALA LUMPUR: The ringgit opened marginally lower as market participants stayed on the sidelines amid positive developments surrounding the signing of US-China ‘Phase One’ trade deal and the U.S Senate’s approval of a new trade deal between the country and its North American neighbours, Mexico and Canada.
NEW YORK: A dollar rout intensified on Wednesday after U.S. Treasury Secretary Steven Mnuchin said a lower greenback was "good for us" - though a weaker U.S. currency may not prove a long-term economic boost. It was a highly unusual remark for a Treasury secretary.