Posts Tagged ‘Ringgit’

Ringgit buoyed by external trade and anticipation of Fed rate cut

The local note finished 0.9% stonger against the greenback last week, ending 2 straight months of losses
By MARK RAO / Pic By TMR File THE ringgit has ...

Ringgit opens slightly higher against US dollar

The ringgit opened slightly higher against the US dollar today (June 3, 2019) in line with the positive Nikkei Purchasing Managers Index (PMI).
At 9 ...

Ringgit continues downtrend, centred on US-China trade woes

The ringgit recognised the bulk of its losses from March 21, depreciating 3.2% against the US dollar as traders flee for safety
By MARK RAO / Pic By ...

US-China trade tensions hurting ringgit

By MARK RAO / Pic By BLOOMBERG
The ringgit extended losses against the US dollar to close at a six-month low yesterday as external factors continue to ...

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 ...

Ringgit losses capped despite OPR cut

By MARK RAO 
The ringgit has lost ground, but the drop was limited as the central bank’s widely expected policy rate cut had been factored into ...

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 ...

A roller coaster year thus far for ringgit

The local note has lost ground on fears that BNM will lower the OPR next month
By MARK RAO / Pic By MUHD AMIN NAHARUL There was much cheer when the ...

Ringgit weakens on possible bond exclusion in WGBI

From a technical standpoint, the ringgit appears to be at an oversold position, says economist
by FARA AISYAH / pic by BLOOMBERG THE ringgit has ...

Ringgit to rally on domestic impetus, central bank rhetoric

The local note has traded between RM4.06 and RM4.09 against the US dollar since early February
by MARK RAO / pic by MUHD AMIN NAHARUL DOMESTIC ...

BNM: Reserves remain usable as at end-February 2019

The reserves’ position remains adequate to assist international transactions and nance 7.4 months of retained imports
by ALIFAH ZAINUDDIN / pic by ...

Ringgit rises to 9-month high on Fed’s decision

As at 7pm yesterday, the local currency stood at RM4.053 against the greenback
by FARA AISYAH / pic by BLOOMBERG THE ringgit rose to a nine-month high ...