Ringgit Strengthens To Highest Level Since 2021 Against Singapore Dollar SINGAPORE, March 18 (Bernama) — The ringgit rose to its strongest level in five years against the Singapore dollar today, supported by higher energy prices and growing optimism over artificial intelligence (AI). The ringgit strengthened 0.2 per cent to 3.0615 versus the Singapore dollar on Wednesday, marking its highest level since March 2021, Bloomberg reported. Citing Goldman Sachs Group Inc. strategists Danny Suwanapruti, it said the ringgit should be one of the best-performing currencies in Asia this year. “Given the disruption in the Strait of Hormuz, and likely higher liquid natural gas prices, we believe Malaysia is best positioned in […]

Ringgit Strengthens To Highest Level Since 2021 Against Singapore Dollar #Ringgit #SingaporeDollar #CurrencyStrength #FinanceNews #MalaysianEconomy

Ringgit Extends Rally for Third Consecutive Day on Strong Domestic Data KUALA LUMPUR — The ringgit strengthened for a third straight session on Wednesday, underpinned by resilient domestic economic indicators and expectations of steady monetary policy this year. At 6pm, the local currency appreciated to 3.9110/9170 against the US dollar from 3.9220/9260 at Tuesday’s close, marking a 0.25 per cent gain. The sustained advance reflects improving …

Ringgit Extends Rally for Third Consecutive Day on Strong Domestic Data #Ringgit #CurrencyStrength #EconomicIndicators #MonetaryPolicy #KualaLumpur

Ringgit continues to strengthen, reaching 4.04, highest in almost five years KUALA LUMPUR: The ringgit ended trading today stronger against the United States (US) dollar when it reached 4.04, the highest level in almost five years after the latest data showed consumer confidence in the developed country remained weak. At 6pm, the ringgit surged to 4.0425/0515 against the US dollar from 4.0615/0665 at the close of trading yesterday. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said the Conference Board reported that US consumer confidence fell to 89.1 points in December from 92.9 points in November, which was lower than the initial expectation of 91.7 points. “This indicates […]

Ringgit continues to strengthen, reaching 4.04, highest in almost five years #Ringgit #CurrencyStrength #EconomicNews #USDollar #ConsumerConfidence

Ringgit opens higher at 4.08 against the US dollar, highest in almost five years KUALA LUMPUR: The ringgit opened higher at 4.08 against the US dollar on Tuesday, marking its strongest performance in almost five years, as improved confidence in the Malaysian economy boosted demand for the local currency. At 8am, the ringgit surged to 4.0890/0970 against the US dollar from 4.0930/0980 at yesterday’s close, the last time that level was recorded on April 30, 2021 when the ringgit closed at 4.0870 against the US dollar. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said the ringgit’s rise was supported by a weaker US dollar with the US Dollar Index (DXY) […]

Ringgit opens higher at 4.08 against the US dollar, highest in almost five years #Ringgit #USD #Forex #MalaysianEconomy #CurrencyStrength

Kenyan shilling shows minor strength against dollar © Reuters. US Dollar Kenyan Shilling 0.00% Investing.com -- The Kenyan shilling, tracked by the symbol USDKES, showed a slight increase in value against the American dollar on Monday, according to data from the London Stock Exchange Group (LON:LSEG). As of 0926 Greenwich Mean Time (GMT), the shilling was quoted at a rate of 128.75/129.75 to the dollar. This is a minor increase in value when compared to its closing rate on Friday, which was reported at 129.00/129.50. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. 0 Latest comments

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