Ringgit climbs for fifth straight day against major currencies on Malaysia-US trade deal hopes
KUALA LUMPUR, July 24 — The ringgit ended higher against the US dollar and other major currencies, buoyed by optimism...
archiveringgit vs us dollar
Ringgit rises against greenback, major currencies on easing geopolitical risks
KUALA LUMPUR, June 25 — The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback.At 6 pm, the local rose to 4.2335/2405 versus the greenback from Tuesday’s close of 4.2410/2465.SPI Asset Management managing partner Stephen Innes said that the sustained ceasefire between Israel and Iran has dampened safe-haven demand for the US dollar.“In addition, the US consumer confidence index deteriorated by 5.4 points in June, falling to 93.0 from 98.4 in May,” he told Bernama.Innes said that...
Ringgit ends higher against dollar on safe-haven retreat, but mixed against major currencies
KUALA LUMPUR, June 20 — The ringgit rebounded from yesterday’s losses to end higher against the US dollar on Friday, as the latest developments on the Iran-Israel war sparked some buying interest in emerging currencies, a dealer said.At 6 pm, the local note strengthened to 4.2505/2565 versus the greenback from yesterday’s close of 4.2590/2625.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the Israel-Iran war continued to take centre stage as the United States was still weighing its option to participate in the conflict.“White House spokeswoman...