Tag Archives: Ringgit

October 07

Buying momentum lifts Ringgit higher in early trade

The Ringgit opened firmer against the US dollar in early trade Wednesday, supported by continued buying momentum amid weak sentiment for the greenback. At 9 am, the Ringgit was traded at 4.3400/3490 against the US dollar from 4.3720/3770 at 5 pm Tuesday. The Ringgit was also higher against other major currencies. It rose against the […]

September 11

Malaysian Ringgit opens higher against US dollar

The ringgit opened higher against the US dollar today on technical correction, dealers said. At 9.15 am, the ringgit was quoted at 4.2910/2990 against the greenback from 4.3340/3400 on Thursday. “Investors have been covering their short US dollar positions against the ringgit as the local note seems to be oversold,” a dealer said. The ringgit […]

September 01

Ringgit at 4.15 against US Dollar

The ringgit opened higher against the US dollar today on improved demand for the local currency, said a dealer. At 9.17 am, the local unit was quoted at 4.1500/1600 to the greenback from last Friday’s 4.1950/1050. The ringgit was also traded higher against a basket of major currencies. It rose against the Singapore dollar to […]

August 10

MIDF: Ringgit won’t touch RM4 to US dollar

Despite the sudden fall in the Malaysian currency value in recent weeks, due to falling global crude oil prices and an impending rate hike by the US Federal Reserve, the ringgit should not touch the RM4 mark against the greenback. MIDF Research said in a note today that it expects the ringgit will be range-bound […]

March 31

Ringgit victim of ‘poor perception’

Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz was in the media spotlight recently. The press conference following BNM’s release of its 2014 annual report became a spirited question-and-answer session focusing on the depreciating ringgit, said to be linked to falling oil prices and the 1Malaysia Development Bhd (1MDB) controversy. Grilled by […]