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Ringgit opens weaker against greenback as US equities rally
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as sentiment for the greenback strengthened in tandem with positive development for the equity market in the United States, an analyst said.
Ringgit ends unchanged versus US dollar
KUALA LUMPUR: The ringgit ended the day unchanged against the US dollar today, as market sentiment remained fragile due to the global interest rate environment.
FBM KLCI pares losses but still in red
KUALA LUMPUR: Share prices on Bursa Malaysia closed lower on Monday as worries grow that the Fed’s interest rate increases will slow the economy.
Emerging markets: Bank Indonesia's policy meeting on Tuesday awaited as Asian FX edges higher as dollar weakens
Asian currencies overcame early market pressure to edge higher against a tepid US dollar on Monday, while the Singaporean dollar rose to a 2-1/2-week high after data showed the city-state witnessed its fastest rise in core inflation in a decade.
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.
Tomei cautious on FY22 target, hopes for improvement, higher profit
KUALA LUMPUR: Integrated jewellery manufacturer and retailer Tomei Consolidated Bhd is still cautious in setting a target for the 2022 financial year on concerns over market sentiment due to the ongoing uncertainties.
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.
Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears
The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession.
Ringgit hits 4.4 against US$, lowest since March 2020
KUALA LUMPUR: The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.
