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Ringgit Closes Lower As Signs Of US Economic Recovery Spur Demand For Greenback

By Zarul Effendi Razali

KUALA LUMPUR, Jan 6 (Bernama) -- The ringgit continued its downtrend to close lower against the US dollar on Monday as the American economy showed further signs of recovery, spurring demand for the greenback.

Ringgit Closes Lower On Continuous Demand For Greenback

KUALA LUMPUR, Jan 2 (Bernama) -- The ringgit finished lower against the US dollar on the first trading day of the year on continuous demand for the greenback due to concerns over the US Federal Reserve’s (Fed) potential decision to cut interest rates in 2025.

Ringgit Starts 2025 Lower On Fed Rate Cut Concerns

KUALA LUMPUR, Jan 2 (Bernama) -- The ringgit opened lower against the US dollar on the first trading day of the year, weighed by market concerns over the US Federal Reserve’s (Fed) potential decision to cut interest rates in 2025.

Ringgit Closes Lower AS Greenback Demand Rises Amid Global Uncertainties

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit closed lower against the US dollar on the last trading day of 2024 on rising demand for the safe-haven currency amid ongoing global economic uncertainties.

Ringgit Opens Firmer Despite Safe-Haven Demand

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit opened higher against the US dollar this morning, despite rising demand for the safe-haven currency amid ongoing global economic uncertainties and heightened geopolitical risks, an analyst said.  

Holiday Calm Keeps Ringgit Flat At Opening

KUALA LUMPUR, Dec 30 (Bernama) -- The ringgit opened flat against the US dollar today, weighed down by a lack of catalysts during the holiday-shortened week, an analyst said.  

Ending Flat-rate Loan Calculations Can Curb Household Debt, Bankruptcy Risks -- Economists

KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.

Ringgit Rises Against US Dollar As DXY Declines

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 23 (Bernama) -- The ringgit opened stronger against the US dollar on Monday, supported by a decline in the US Dollar Index (DXY) last Friday, according to an economist.

Ringgit Nearly Flat Against US Dollar, Strengthens Against Basket Of Other Currencies

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 20 (Bernama) -- The ringgit opened nearly flat against the US dollar as the outcome of the two-day Federal Open Market Committee (FOMC) meeting and stronger US economic data are expected to remain supportive of the dollar, an economist said.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

 

Ringgit Slips 0.4 Pct Against US Dollar, Opens Mostly Higher Against Other Basket of Currencies

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 19 (Bernama) -- The local currency traded 0.4 per cent weaker against the US dollar as the US Dollar Index rose further to 108.142 points following the United States (US) Federal Reserve's (Fed) decision to cut the Fed Funds Rate by 25 basis points last night.

Ringgit Opens Higher Against Greenback On Expected US Interest Rate Cut

KUALA LUMPUR, Dec 18 (Bernama) --The ringgit opened higher against the US dollar on Wednesday ahead of an expected interest rate cut later today in the United States.