Ringgit Eases Against Greenback After US Fed Keeps Interest Rates Unchanged

By Danni Haizal Danial Donald

KUALA LUMPUR, March 19 (Bernama) -- The ringgit eased against the US dollar at Thursday’s close following the United States Federal Reserve’s (Fed) decision to keep interest rates unchanged, providing support to the greenback.

Malaysia’s Macro Position Is Stronger To Weather Shock Compared To Pandemic Era, Says World Bank's Apurva

KUALA LUMPUR, March 19 (Bernama) -- Malaysia’s stronger ringgit is helping to ease the impact of rising global import prices, although the country’s import cover has declined, compared with pre-COVID 19 pandemic levels, said the World Bank's lead economist for Malaysia, Dr Apurva Sanghi.

Ringgit Up Against Major Currencies, Softens Vs Greenback At Open

KUALA LUMPUR, March 19 (Bernama) -- The ringgit opened higher against major currencies but eased against the US dollar this morning as cautious global sentiment continued to weigh on emerging market currencies.

Ringgit Extends Gains Against Greenback Amid Softer Oil Prices

KUALA LUMPUR, March 18 (Bernama) -- The ringgit made further gains today, closing slightly higher against the US dollar amid softer crude oil prices following strategic petroleum reserve (SPR) releases.

Malaysia's Targeted Subsidies Expected To Moderate Inflation Pressure Amid West Asia Conflict, Says MARC

KUALA LUMPUR, March 18 (Bernama) -- Malaysia’s headline inflation is expected to remain manageable, supported by the government’s targeted subsidies, amid the West Asia conflict, according to the Malaysian Rating Corporation Bhd (MARC).

Ringgit Strengthens To Highest Level Since 2021 Against Singapore Dollar

SINGAPORE, March 18 (Bernama) -- The ringgit rose to its strongest level in five years against the Singapore dollar today, supported by higher energy prices and growing optimism over artificial intelligence (AI).

Medical Sector To Remain Unaffected By Ongoing Geopolitical Tension -- Sunway Healthcare

KUALA LUMPUR, March 18 (Bernama) -- The Malaysian medical sector is not affected by ongoing geopolitical tensions in the Middle East; hence, the outlook for the medical tourism sector remains strong for this year, said Sunway Healthcare Holdings Bhd. 

Ringgit Firms Against US Dollar, May See Further Gains

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 18 (Bernama) -- The ringgit traded firmer against the US dollar this morning amid cautious investor positioning ahead of the United States (US) Federal Reserve’s (Fed) policy decision and improving risk appetite.

CPO Futures Close Lower On Weaker Soybean Oil, Stronger Ringgit

KUALA LUMPUR, March 17 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, following a sharp selldown in the Chicago Board of Trade's (CBOT) soybean oil market.

Ringgit Closes Higher As Tension In Strait Of Hormuz Eases

By Danni Haizal Danial Donald

KUALA LUMPUR, March 17 (Bernama) -- The ringgit continued its upward momentum on Tuesday, closing higher against the US dollar as news of some ships being allowed safe passage through the Strait of Hormuz eased demand for safe haven assets and lifted regional currencies.

Funds May Favour Commodity Exporters Like Malaysia Amid West Asia Uncertainties - Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 17 (Bernama) -- Heightened geopolitical uncertainty surrounding developments in the Strait of Hormuz could influence global capital flows, with commodity-exporting economies such as Malaysia potentially better positioned amid rising energy prices.

Ringgit Opens Firmer Versus US Dollar On Improved Sentiment

KUALA LUMPUR, March 17 (Bernama) -- The ringgit opened higher against the US dollar today, buoyed by improved global sentiment as market participants reacted positively to developments in the oil market.