By Siti Radziah Hamzah
KUALA LUMPUR, Dec 22 (Bernama) – The ringgit was Asia’s best-performing currency this year against its regional peers, with its gains underpinned by strong economic fundamentals and buoyant exports, while interest rate cuts by the United States Federal Reserve (Fed) provided pivotal support to the local currency.
KUALA LUMPUR, Dec 22 (Bernama) -- The ringgit opened higher against the US dollar and other major currencies on Monday as positive developments in the government of Malaysia’s fiscal position have contributed significantly to the ringgit’s appreciation.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Dec 18 (Bernama) -- The ringgit opened higher at the 4.07 level against the US dollar, the best level seen in close to five years, despite a firmer US Dollar Index (DXY), as market participants continued to assess the US Federal Reserve’s (Fed) policy outlook.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Dec 17 (Bernama) -- The ringgit strengthened against the US dollar in early trade on Wednesday, extending its recent gains to hover around the 4.07 level, its strongest showing in nearly five years, underpinned by firmer domestic and external sentiment.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Dec 16 (Bernama) -- The ringgit surged to the 4.08 level against the US dollar at Tuesday’s opening, marking its strongest performance in nearly five years, as improved confidence in the Malaysian economy boosted demand for the local currency.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Dec 15 (Bernama) -- The ringgit ended firmer against the US dollar on Monday, extending gains after hovering near the 4.09 level last week, as investors remained constructive ahead of upcoming key US data.
KUALA LUMPUR, Dec 15 (Bernama) -- The ringgit maintained its upward trend, opening slightly higher against the US dollar as improving sentiment in the Malaysian economy and easing trade tensions supported the local currency.
By Zufazlin Baharuddin
KUALA LUMPUR, Dec 12 (Bernama) -- The ringgit continued its positive momentum, jumping to the 4.09 level against the US dollar at Friday’s close, hitting a new four-year-and-seven-month high, supported by positive Malaysian economic data.
KUALA LUMPUR, Dec 12 (Bernama) -- The ringgit opened firmer against the greenback for a second day, buoyed by softer US data and the Federal Reserve (Fed)’s 25-basis-point lending rate cut.
By Zufazlin Baharuddin
KUALA LUMPUR, Dec 11 (Bernama) -- The ringgit bounced to the 4.10 level against the US dollar at Thursday’s close, hitting a new high in four years and six months after the US Federal Reserve (Fed) cut interest rates for the third time this year, which weighed on the greenback.
By Zufazlin Baharuddin
KUALA LUMPUR, Dec 10 (Bernama) -- The ringgit closed lower against the American dollar on Wednesday ahead of a decision by the Federal Open Market Committee (FOMC) on US interest rates later tonight.
KUALA LUMPUR, Dec 9 (Bernama) -- The ringgit continued to hold steady against the US dollar at Tuesday’s close, as markets positioned for a cautious tone as the Federal Open Market Committee (FOMC) begins its two-day meeting today.
