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Business 29 Jul 2019 | 2:18 AM

Ringgit flat against US$ amid dovish ECB comments

KUALA LUMPUR: The ringgit opened flat against the US dollar in the early session today with the greenback remaining firm amid dovish European Central Bank’s (ECB) policy stance.

Business 22 Jul 2019 | 12:00 AM

Foreign investors expected to be cautious this week amid uncertainty

KUALA LUMPUR: The current net foreign selling will likely to continue next week with investors adopting a wait-and-see attitude weighed by the uncertain external development especially the outcomes from the US Federal Open Market Committee (FOMC) meeting.

Business 20 Jul 2019 | 12:00 AM

Global forex market

The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.

Business 15 Jul 2019 | 12:00 AM

Bond market momentum picking up

PETALING JAYA: Rising expectations of further monetary easing by global central banks has fuelled the Malaysian Government Securities (MGS) market rally in June.

Business 13 Jul 2019 | 12:00 AM

Signs of further consolidation

REVIEW: At press time, the world’s equity markets appear consoled that the US Federal Reserve is likely to implement a policy rate cut as early as July 31, and confidence is rising.

Business 13 Jul 2019 | 12:00 AM

Treasury Pulse

Global Forex Market

Business 12 Jul 2019 | 2:30 AM

Ringgit extends upward momentum on shift towards emerging currencies

KUALA LUMPUR: The ringgit continued its upward momentum to open higher against the US dollar today, driven by investors’ shift towards emerging currencies including the ringgit due to persistent doubts over the global economic outlook, said a dealer.