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Ringgit closes lower against the US Dollar

KUALA LUMPUR: The ringgit closed lower today against the US dollar due to a risk-off market sentiment, with investors continuing to prefer safe-haven currencies amid cautious global growth prospects, according to economists. According to…

Ringgit expected to approach 4.40 by year-end

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) forecasts that the ringgit will trade close to the 4.40 level by the end of the year, due to indications that the US Federal Reserve (Fed) may only reduce rates by 50-75 basis points…

Ringgit expected to strengthen against US Dollar next week

KUALA LUMPUR: The ringgit is expected to trend upwards against the US dollar next week, according to analysts. According to Bernama, Dr. Mohd Afzanizam Abdul Rashid, Chief Economist at Bank Muamalat Malaysia Bhd, believes the ringgit may…

Ringgit continues to rise, closes stronger against US Dollar

KUALA LUMPUR: The ringgit continued its upward trend on Thursday, closing stronger against the US dollar due to increasing expectations of a reduction in interest rates in the US, according to an analyst. According to Bernama, at 6 p.m.…

Ringgit ends trading lower against the US Dollar

KUALA LUMPUR: The ringgit continued its decline last Friday, ending the day lower against the US dollar on Monday, following profit-taking after recent gains. According to Bernama, this development was noted amid cautious sentiment ahead…