Posts Tagged ‘currency’

Ringgit value tied to US-China trade news

by MARK RAO/ pic by TMR FILE
THE ringgit weakened against the US dollar last week after reports noted Washington is exempting over 400 Chinese products ...

Chinese yuan falls to weakest level against dollar since 2010

by AFP/ pic by BLOOMBERG
SHANGHAI – The Chinese yuan fell to its lowest level against the dollar since August 2010 in morning trade on Monday, ...

Limited gains for the ringgit on weaker oil prices, says experts

The ringgit should benefit from the Fed pro-cyclical rate cut even more if they cut 50 basis points
by MARK RAO / pic by BLOOMBERG THE ringgit ended ...

Ringgit hits 3-month high on dovish Fed

The Fed cutting the key lending rate by 50bps will possibly open a path towards the RM4.09 support level
by MARK RAO / pic by BLOOMBERG THE ringgit ...

Ringgit closes higher against US dollar

by BERNAMA/ pic by TMR FILE
The ringgit closed stronger against the US dollar today on optimism of positive outcomes from the US-China trade talks ...

Strong 1Q GDP, higher crude fail to keep ringgit support after 1-day rally

BNM’s plans to boost onshore market liquidity and accessibility is expected to mitigate a key risk facing the ringgit, says analyst
by MARK RAO / pic ...

FXTM: Ringgit undervalued as traders oversell on headline risks

The PPP metric indicates that the fair value of the ringgit is undervalued by over 60% against the greenback, says analyst
by MARK RAO / pic by MUDH ...

Hong Kong’s weak dollar is a victim of surging China stocks

By BLOOMBERG
HONG KONG • The rally in Chinese stocks has been bad news for the Hong Kong dollar. Equity investors are selling the currency for the ...

Citi sets up Singapore currency trading hub

SINGAPORE • Citigroup Inc is planning to join UBS AG with an electronic currency trading and pricing platform in Singapore, setting up systems to boost ...

Winners of stronger ringgit

A stronger ringgit will be a relief to local firms whose input and raw material costs are predominantly US dollar-denominated
By MARK RAO / Pic By MUHD ...

Bank of Thailand keeps rate on hold

BANGKOK • Thailand’s central bank left its benchmark interest rate unchanged, as expected, as slower inflation and a soaring currency give policymakers ...

No cut seen yet, says BI governor

JAKARTA • Indonesia’s central bank governor Perry Warjiyo (picture) said the benchmark interest rate is near its peak, but he doesn’t see room yet to ...