archiveringgit

KUALA LUMPUR, April 4 — The ringgit ended the week on a firmer footing against the US dollar amidst uncertainties over the reciprocal tariff imposed by the United States (US) administration, said an analyst. At 6 pm, the ringgit traded higher at 4.4335/4400 against the greenback from Thursday’s close of 4.4400/4460.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that while the tariff rate was steep at 24 per cent, room for negotiation is widely open.“Hence, hope for Malaysia and other countries to get a better deal...

KUALA LUMPUR, March 26 — The ringgit opened slightly higher against the US dollar this morning as investors viewed Malaysia’s political and policy stability favourably among emerging markets, boosting the currency’s appeal amid mixed global sentiment. At 8 am, the ringgit stood at 4.4340/4410 against the greenback, up from yesterday’s close of 4.4355/4390. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that despite global challenges, the ringgit had remained resilient, gaining 0.85 per cent year to date and ranking as the fourth-best performing currency in Asia. According...