archiveringgit closing

KUALA LUMPUR, April 24 — The ringgit closed stronger against the US dollar on weaker greenback demand, amid a decline in investor confidence due to ongoing US-China trade tensions and a lack of progress in negotiations.At 6pm, the local unit stood at 4.3695/3750 against the greenback, improving from Wednesday’s close of 4.3880/3925.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit gained about 0.32 per cent today amid the uncertainties over the US tariff spat with China and other global trading partners.“It seems China has demanded...

KUALA LUMPUR, April 23 — The ringgit ended marginally lower against the US dollar on Wednesday as the greenback strengthened on the back of renewed optimism surrounding US-China trade talks, said an economist.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said this happened following comments from President Donald Trump signalling a possible reduction in tariffs if China is open to negotiation.At 6pm, the local currency eased to 4.3880/3925 against the greenback, compared with Tuesday’s close of 4.3835/3905.He added that while the gesture was positively received by financial...