Bursa Malaysia Opens Higher Amid Slower US Rate Cut Concerns
KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index opened higher on Tuesday, buoyed by mixed performances on Wall Street and regional markets.
| LATEST NEWS | AXIS REIT targets total acquisition value of RM300 million this year - CEO | The ringgit is likely to trade sideways, with an end-of-year forecast of RM4.45 against the US dollar - AmBank chief economist | BNM will maintain its accommodative stance and keep the OPR steady through at least 1H2025 - AmBank chief economist | Malaysia’s GDP growth is expected to moderate to 4.6 pct in 2025, supported by infrastructure projects, private investment realisations and strong private consumption - AmBank chief economist | The KLIA aerotrain is set to resume in Q2, with no impact on Malaysia's ASEAN chairmanship - MAHB Managing Director | |
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Ringgit Edges Higher As US Dollar Index Declines
KUALA LUMPUR, Jan 7 (Bernama) -- The ringgit opened slightly higher against the US dollar, bolstered by a weaker US Dollar Index (DXY) after the release of US economic data, an analyst said.
Rubber Market Ends Lower Amid Weaker Regional Performance, Crude Oil Prices
KUALA LUMPUR, Jan 6 (Bernama) -- The local rubber market closed lower on Monday following a downtrend in regional rubber futures markets and weaker benchmark crude oil prices, said a dealer.
Bursa Malaysia Likely To Remain Cautious Next Week
KUALA LUMPUR, Jan 4 (Bernama) -- Bursa Malaysia is likely to remain cautious next week as investors are bracing for a cautious start to 2025, with eyes fixed on the US President Inauguration Day scheduled on Jan 20, said an analyst.
Rubber Market Closes Lower, Tracking Regional Futures Markets
KUALA LUMPUR, Jan 3 (Bernama) -- The local rubber market continued to close lower on Friday, in tandem with a downtrend in the regional rubber futures markets due to underwhelming global factory activity data that signalled a rocky economic outlook, a dealer said.
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 Out 2024 As Top Performer Among Major Asian Currencies
By Norsyafawati Ab Wahab
KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape.
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.
Ringgit To Exhibit Softness In Thin Trading Next Week
By Nurul Jannah Kamaruddin
KUALA LUMPUR, Dec 28 (Bernama) -- The ringgit is set to exhibit softness next week during the last period of trading in 2024 and the start of 2025, with movements likely ranging between 4.47 and 4.50.
Ringgit Closes Little Changed Against US Dollar
KUALA LUMPUR, Dec 27 (Bernama) -- The ringgit held steady against a strong US dollar, closing little changed from yesterday's level.