Ringgit extends gains on strong Malaysian economic data
KUALA LUMPUR: The ringgit extended its gains to close higher against the US dollar and other major currencies, as well as ASEAN peers, on Wednesday, supported by stronger-than-expected economic data in Malaysia, which boosted investor confidence and market sentiment.
Dollar hits 13-month high as rate-hike bets, stock rout boost demand
HONG KONG/LONDON: The U.S. dollar extended gains to reach a 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve.
Ringgit eases slightly on expectations of higher US rates
KUALA LUMPUR: The ringgit has edged lower this year on expectations that US interest rates will remain elevated, the Ministry of Finance (MOF) said, though the currency continues to be underpinned by strong domestic fundamentals.
Ringgit opens easier as strong US data support US$
KUALA LUMPUR: The ringgit opened easier against the US dollar this morning and is expected to remain range-bound ahead of the United States' Personal Consumption Expenditures (PCE) inflation report due on Thursday.
Ringgit firms up to US dollar
The ringgit has rebounded from Monday's losses to end higher against the US dollar and Asean currencies, and was mostly firmer against other major currencies yesterday.
Ringgit rebounds versus US dollar, Asean currencies ahead of US PMI data release
KUALA LUMPUR: The ringgit rebounded from yesterday's losses to end higher against the US dollar and ASEAN currencies, and was mostly firmer against other major currencies on Tuesday as investors await the United States Purchasing Managers' Index (PMI) June data release tonight.
Dollar hits one-year high on Fed hike bets; yen nears 40-year low
LONDON: The U.S. dollar rose to its highest level in more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen flirted with a four-decade low.
Ringgit improves vs greenback amid progress in West Asia peace talks
KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said.
Ringgit eases against US dollar amid rising West Asia tensions
KUALA LUMPUR: The ringgit eased against the US dollar on Monday, as growing uncertainties surrounding the West Asia conflict and expectations of a potential United States (US) Federal Reserve (Fed) interest rate hike fuelled demand for the greenback.
Ringgit eases vs US$, mostly up against other currencies
KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday, but strengthened against other major currencies amid cautious trading as market players closely watched West Asia geopolitical tensions unfolding.
