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By Siti Noor Afera Abu
KUALA LUMPUR, Aug 13 (Bernama) -- The ringgit extended its gains against the US dollar for the third straight day, as the greenback’s safe-haven status weakened following lower-than-expected US Consumer Price Index (CPI) data for July, which fuelled expectations of a September interest rate cut.
KUALA LUMPUR, Aug 13 (Bernama) -- The ringgit extended its uptrend against the US dollar on Wednesday, supported by a 0.43 per cent drop in the US Dollar Index (DXY) to 98.097 after the headline US inflation rate came in lower than expected.
By Fatin Umairah Abdul Hamid and Mikhail Raj Abdullah
KUALA LUMPUR, Aug 12 (Bernama) -- Robust demand for gold is expected to raise Public Gold Marketing Sdn Bhd’s customer base to 2.3 million by the end of the year from 2.2 million currently.
By Siti Noor Afera Abu
KUALA LUMPUR, Aug 11 (Bernama) -- The ringgit rebounded to close higher against the US dollar and other major currencies on market optimism that the US Federal Reserve will implement an interest rate cut at its September Federal Open Market Committee (FOMC) meeting.
By Rosemarie Khoo
KUALA LUMPUR, Aug 11 (Bernama) -- The Malaysian rubber market closed higher, extending its uptrend from last Friday, tracking the regional rubber futures market, mainly the Japanese rubber futures, which rose following expectations of the United States (US) interest rate cuts, said a dealer.
KUALA LUMPUR, Aug 8 (Bernama) -- The Malaysian rubber market ended higher today supported by an uptrend in regional rubber futures markets, a dealer said.
KUALA LUMPUR, Aug 8 (Bernama) -- The ringgit continued its retreat against the US dollar on profit-taking after recent gains to close lower on Friday.
KUALA LUMPUR, Aug 8 (Bernama) -- Gold is expected to increase by a further record-breaking 10 per cent in September from the current level of US$3,370 per ounce, driven by expectations that the United States (US) Federal Reserve (Fed) will lower its interest rates.
KUALA LUMPUR, Aug 8 (Bernama) -- The ringgit opened firmer against the US dollar on Friday, extending gains, after United States (US) economic data reinforced expectations of an imminent interest rate cut at the Federal Reserve’s next policy meeting, an economist said.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit has retreated to close lower against the US dollar as well as major currencies on Thursday on lack of buying interest, said an analyst.
KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit opened firmer against the US dollar on Thursday, lifted by a softer greenback amid growing expectations of interest rate cuts by the United States Federal Reserve (Fed) in the coming months.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Aug 6 (Bernama) -- The ringgit closed higher against the US dollar as investors took advantage of the greenback’s weakness ahead of comments from United States (US) Federal Reserve (Fed) officials tonight, said an analyst.
