archiveStephen Innes

By Danni Haizal Danial Donald KUALA LUMPUR, April 19 (Bernama) -- The ringgit is expected to trade flat next week, potentially trading at around RM4.41 to RM4.42, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. He said that United States (US) President Donald Trump indicated a reluctance to keep raising the tariff against China as it might impact the trade between the two nations. Additionally, He said several US Federal Reserve officials, including Christopher Waller and Austan Goolsbee, are scheduled to share their thoughts on the current state of the...

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today, driven by a weaker greenback amid global trade tensions, said an analyst. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the situation with the US tariff remains highly fluid as Chinese president Xi Jinping visited the Asean countries this week. “The weakening of the greenback was surprising as the US dollar, a safe-haven currency, would normally thrive during heightened uncertainties. “Such dynamics would complicate how traders and investors would position themselves in times like this,” he told...