Ringgit Retreats After Three Days Of Gains
By Siti Noor Afera Abu
KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit closed lower today, snapping three consecutive days of gains as profit-taking emerged, with traders opting to lock in earlier gains.
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By Siti Noor Afera Abu
KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit closed lower today, snapping three consecutive days of gains as profit-taking emerged, with traders opting to lock in earlier gains.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia pulled back from a seven-day winning streak to close lower today due to profit-taking in line with the downbeat regional market performance.
KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia opened higher and is set to test the 1,600 level today after Wall Street’s bullish momentum overnight on US interest rate cut hopes, coupled with a strong corporate earnings season, analysts said.
KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit opened flat against the US dollar on Thursday as investors turned a bit cautious after recent gains, despite growing speculation for a US interest rate cut.
KUALA LUMPUR, Aug 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, mirroring gains in the US COMEX gold market amid growing expectations of a US Federal Reserve (Fed) interest rate cut.
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.
KUALA LUMPUR, Aug 12 (Bernama) -- The ringgit extended its uptrend against the US dollar and major currencies at the opening on Tuesday ahead of Malaysia’s second quarter 2025 gross domestic product (GDP) data to be released on Friday, said an analyst.
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 9 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are set to take their cue from the United States (US) COMEX gold market ahead of the upcoming release of the US Consumer Price Index (CPI) data for July, scheduled for next Tuesday.