#Ringgit hashtag - Bluesky

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2 days ago

Ringgit Retreats To 4.00 Versus US Dollar Amid West Asia Ceasefire Uncertainties KUALA LUMPUR, March 27 (Bernama) — The ringgit retreated to the 4.00 level against the US dollar at noon, as risk-off mode dominated market sentiment due to growing scepticism over a ceasefire in Iran after United States (US) President Donald Trump indicated that he would not commit to a deal with Tehran. “Following the announcement, the US Dollar Index (DXY) was seen climbing 0.28 per cent to 99.873 points, holding steady as safe-haven demand, while US benchmark equities indices fell more than one per cent,” said Bank Muamalat Malaysia Bhd’s chief economist Dr Mohd Afzanizam Abdul Rashid. The local unit […]

Ringgit Retreats To 4.00 Versus US Dollar Amid West Asia Ceasefire Uncertainties #Ringgit #USDollar #MarketSentiment #Ceasefire #Iran

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3 days ago

Ringgit Weakens Against US Dollar, Other Currencies amid West Asia War KUALA LUMPUR, March 26 (Bernama) — The ringgit weakened against the US dollar and other currencies at Thursday’s close as uncertainties over the conflict in West Asia triggered a risk-off mode in financial markets. At 6 pm, the local currency fell to 3.9920/9955 versus the greenback from yesterday’s close of 3.9620/9670. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said signs of de-escalation remained elusive, with the Iranian government rejecting peace talks despite US insistence. “The demands from the Iranian government, including reparations for damages following the US-Israel attack on its soil, guarantees against further military assaults, and […]

Ringgit Weakens Against US Dollar, Other Currencies amid West Asia War #Ringgit #USDollar #ForexMarket #WestAsiaConflict #FinancialNews

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4 days ago

Ringgit Opens Higher Against US Dollar On Improved Risk Sentiment KUALA LUMPUR, March 25 (Bernama) — The ringgit opened higher against the US dollar and other major currencies on Wednesday, as risk sentiment improved following potential ceasefire talks between the United States and Iran. At 8 am, the local currency strengthened to 3.9400/9500 against the greenback from Tuesday’s close of 3.9530/9585. SPI Asset Management managing partner Stephen Innes said the ringgit should begin to skew more positively if the ceasefire narrative extends, as it signals that Washington is shifting from tactical de-escalation toward more serious dialogue with Tehran. He said the key question remains whether Iran will fully engage, as […]

Ringgit Opens Higher Against US Dollar On Improved Risk Sentiment #Ringgit #USDollar #ForexMarket #CurrencyExchange #EconomicSentiment

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1 week ago

Ringgit Set To Remain Stable At 3.95 Level Against US Dollar Next Week KUALA LUMPUR, March 21 (Bernama) — The ringgit is expected to remain stable next week, trading at around the 3.95 level against the US dollar amid the festive period. The market in Malaysia was closed yesterday and will also be closed on Monday, March 23, for the Aidilfitri celebration. Kenanga Investment Bank Bhd said the restrictive but easing-biased United States Federal Reserve (Fed) capped further gains from the greenback, contributing to the stability. In a note issued on Thursday, the investment bank said investors remain defensive while expectations for a Fed policy pivot shift to the final quarter of the […]

Ringgit Set To Remain Stable At 3.95 Level Against US Dollar Next Week #Ringgit #USdollar #Forex #Malaysia #Investment

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1 week ago

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

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1 week ago

Ringgit Opens Firmer Versus US Dollar On Improved Sentiment KUALA LUMPUR, March 17 (Bernama) — The ringgit opened higher against the US dollar today, buoyed by improved global sentiment as market participants reacted positively to developments in the oil market. At 8 am, the local currency strengthened to 3.9195/9315 against the greenback, from Monday’s close of 3.9260/9310. Bank Muamalat Malaysia Bhd Chief Economist Mohd Afzanizam Abdul Rashid said the US Dollar Index fell 0.65 per cent to 99.712, while Brent crude declined 2.84 per cent to US$100.21 per barrel. “Measures by the International Energy Agency to withdraw from strategic petroleum reserves, along with calls by US President Donald Trump […]

Ringgit Opens Firmer Versus US Dollar On Improved Sentiment #Ringgit #USdollar #ForexMarket #OilMarket #EconomicSentiment

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2 weeks ago

Ringgit Opens Lower As Oil Surge Boosts US Dollar KUALA LUMPUR, March 9 (Bernama) — The ringgit opened lower against the US dollar on Monday as heightened risk aversion strengthened the greenback after Brent crude oil prices surged 15.5 per cent to US$107.04 per barrel, an analyst said. At 8 am, the local currency slipped to 3.9550/9800 against the greenback from Friday’s close of 3.9425/9535. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said Brent had risen a sharp 37.7 per cent to US$107.04 per barrel from US$77.74 a week earlier after Iran named Mojtaba Khamenei as its new supreme leader. “Following the risk-off sentiment, the […]

Ringgit Opens Lower As Oil Surge Boosts US Dollar #Ringgit #USDollar #OilPrices #BrentCrude #MalaysiaEconomy

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3 weeks ago

Middle East Developments, US Economic Data to Guide Ringgit’s Direction Next Week KUALA LUMPUR, March 7 (Bernama) — The ringgit is expected to trade cautiously against the US dollar next week as market sentiment continues to be shaped by developments in the Middle East, while investors will also keep a close watch on the trajectory of crude oil prices and upcoming US economic data. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said next week, the focus will continue to be on the Middle East conflict. He said important data points include the US Consumer Price Index and personal consumption expenditures for February, but the impact is likely to […]

Middle East Developments, US Economic Data to Guide Ringgit’s Direction Next Week #MiddleEast #Ringgit #USEconomy #CrudeOil #MarketSentiment

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3 weeks ago

Ringgit Ends Lower As Middle East Conflict Lifts US Dollar KUALA LUMPUR, March 5 (Bernama) — The ringgit remained in a narrow trade and closed lower against the US dollar on Thursday, as heightened tensions in the Middle East weighed on market sentiment and supported the greenback. At 6 pm, the ringgit eased to 3.9415/9480 versus the greenback from 3.9395/9465 at Wednesday’s close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said global tensions surrounding the escalating conflict involving the United States, Israel and Iran remained high on traders’ agenda, which affected sentiment negatively. He noted that Bank Negara Malaysia (BNM) today decided to hold the Overnight […]

Ringgit Ends Lower As Middle East Conflict Lifts US Dollar #Ringgit #USDollar #MiddleEastConflict #MarketSentiment #Forex

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3 weeks ago

Ringgit Rebounds Against US Dollar On Renewed Demand KUALA LUMPUR, March 4 (Bernama) — The ringgit snapped a three-day losing streak to close higher against the US dollar on Wednesday, supported by renewed demand for the local currency, although trading remained range-bound as traders and investors stayed cautious in view of geopolitical risks. At 6 pm, the ringgit rose by 0.09 per cent to 3.9395/9465 versus the greenback from 3.9440/9495 at Tuesday’s close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said markets are watching how the US-Israeli war on Iran could affect the global economy, especially inflation. He told Bernama that countries that rely […]

Ringgit Rebounds Against US Dollar On Renewed Demand #Ringgit #USdollar #Forex #Malaysia #EconomicRecovery

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3 weeks ago

Ringgit Edges Higher Vs Greenback As Risk-off Mood Persists KUALA LUMPUR, March 3 (Bernama) — The ringgit opened marginally higher against the US dollar on Tuesday, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East. At 8 am, the local currency was traded at 3.9210/9340 against the greenback, compared with yesterday’s close of 3.9225/9295. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said oil prices had risen sharply on heightened geopolitical tensions, but investors were shifting focus to how global central banks might respond to potential inflationary pressures, particularly as economic growth remains subdued. “The US Dollar Index (DXY) is hovering […]

Ringgit Edges Higher Vs Greenback As Risk-off Mood Persists #Ringgit #USdollar #ForexMarket #EconomicNews #GeopoliticalTensions

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3 weeks ago

Ringgit Eases As Prevailing Risk-off Sentiment Weighs On Local Currency KUALA LUMPUR, March 2 (Bernama) — The ringgit closed lower against the US dollar on Monday, as prevailing risk-off sentiment weighed on the local currency amid heightened uncertainty over the conflict in the Middle East. At 6 pm, the ringgit eased to 3.9225/9295 versus the greenback from last Friday’s close of 3.8910/8960. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that despite the geopolitical shocks, the ringgit has remained below RM4.00 against the US dollar, which could be deemed as resilient given the scale of the conflict. “Nonetheless, the market remains highly uncertain. Hence, expect the […]

Ringgit Eases As Prevailing Risk-off Sentiment Weighs On Local Currency #Ringgit #KualaLumpur #EkonomiMalaysia #DolarAmerika #PasaranKewangan

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1 month ago

Ringgit Ends Higher Against US Dollar Amid Tariff, US-Iran Deal Uncertainty KUALA LUMPUR, Feb 26 (Bernama) — The ringgit closed higher against the US dollar on Thursday amid uncertainty over US tariff policy and US-Iran talks. At 6 pm, the ringgit rose to 3.8865/8925 versus the greenback from yesterday’s close of 3.8900/8955. US Trade Representative Jamieson Greer was reported to say that the US tariff rate for some countries will increase to 15 per cent or higher from 10 per cent. However, he did not name any specific trading partner. Meanwhile, US and Iranian officials are in Geneva, Switzerland, today for a third round of indirect nuclear talks. Bank Muamalat Malaysia […]

Ringgit Ends Higher Against US Dollar Amid Tariff, US-Iran Deal Uncertainty #Ringgit #USDollar #Tariffs #USD #MalaysiaEconomy

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1 month ago

Ringgit Closes Little Changed Against US Dollar KUALA LUMPUR, Feb 25 (Bernama) — The ringgit held steady against a strong US dollar, closing little changed from yesterday’s level, driven by positive economic resilience as reflected in the Leading Index (LI) data. At 6 pm, the ringgit traded at 3.8900/8955 against the greenback, slightly higher from 3.8915/8980 at Tuesday’s close. According to the Department of Statistics Malaysia (DOSM), Malaysia’s economy is expected to remain resilient for the second quarter of 2026 (2Q 2026), supported by the performance of the LI in December 2025, which recorded a marginal increase of 0.1 per cent to 114.0 points from 113.9 points […]

Ringgit Closes Little Changed Against US Dollar #Ringgit #USdollar #Forex #MalaysiaEconomy #EconomicGrowth

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1 month ago

Ringgit Closes Higher Against Major Currencies Except US Dollar KUALA LUMPUR, Feb 24 (Bernama) — The ringgit closed lower against the US dollar on Tuesday as issues surrounding the US tariffs are affecting market sentiment, said an economist. However, the local note trended mostly higher versus major and ASEAN currencies. At 6 pm, the ringgit eased to 3.8915/8980 versus the greenback from yesterday’s close of 3.8885/8925. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said President Donald Trump has shown no signs of letting up and is seen aggressively looking for a different legal route to enact higher tariffs after the US Supreme Court struck down […]

Ringgit Closes Higher Against Major Currencies Except US Dollar #Ringgit #ForexMarket #USDCurrency #CurrencyNews #ASEAN

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1 month ago

US Supreme Court Ruling on Trump Tariffs Seen Boosting Malaysia’s Ringgit and Export Outlook KUALA LUMPUR, Feb. 21, 2026 – A ruling by the Supreme Court of the United States limiting the tariff powers of President Donald Trump is expected to benefit Malaysia’s economy, including strengthening the ringgit, boosting exports and supporting capital markets. Economists said the decision improves global investor confidence. It reduces uncertainty over protectionist trade policies. …

US Supreme Court Ruling on Trump Tariffs Seen Boosting Malaysia’s Ringgit and Export Outlook #USSupremeCourt #TrumpTariffs #MalaysiaEconomy #Ringgit #Exports

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1 month ago

Ringgit, Peso Among ASEAN Currencies Weighed Down By Firmer US Dollar KUALA LUMPUR, Feb 19 (Bernama) — The ringgit and the Philippine peso were among the ASEAN currencies weighed down by a stronger US dollar at the close today after the latest Federal Open Market Committee (FOMC) minutes signalled the possibility of an interest rate hike, said an economist. At 6 pm, the ringgit eased to 3.9045/9125 versus the greenback from Monday’s close of 3.8945/9055. The Philippine peso closed lower at 57.996 against the US dollar today, down from its previous close of 57.861. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the latest FOMC minutes showed […]

Ringgit, Peso Among ASEAN Currencies Weighed Down By Firmer US Dollar #Ringgit #Peso #USdollar #ASEAN #CurrencyMarket

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1 month ago

Strengthening of the ringgit, positive developments in the country’s economy and investment GEORGE TOWN: The strengthening of the ringgit against the US dollar is described as a positive development for the Malaysian economy, thus providing direct benefits to the people and the country’s business and investment sectors. Deputy Minister of Investment, Trade and Industry, Sim Tze Tzin said the performance of the local currency which returned to a stronger level reflected foreign investors’ confidence in the stability of the country’s economy. “During the early administration of Prime Minister Datuk Seri Anwar Ibrahim, the value of the ringgit was around RM4.50 against the US dollar before strengthening to the current level of around […]

Strengthening of the ringgit, positive developments in the country’s economy and investment #Ringgit #MalaysianEconomy #Investment #ForeignInvestment #EconomicGrowth

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1 month ago

Ringgit opens stronger on better-than-expected fourth-quarter 2025 GDP growth KUALA LUMPUR: The ringgit strengthened against the US dollar in the opening trading session on Monday, driven by positive momentum following the better-than-expected 6.3 percent Gross Domestic Product (GDP) growth in the fourth quarter of 2025 announced last Friday, said analysts. At 8am, the ringgit opened stronger at 3.8970/9190 against the US dollar from 3.9060/9155 at the close last Friday. Bank Muamalat Malaysia Bhd Chief Economist Mohd Afzanizam Abdul Rashid said the latest official GDP forecast for 2026 of between 4.0 percent and 4.5 percent is expected to be revised higher taking into account the country’s economic resilience in external […]

Ringgit opens stronger on better-than-expected fourth-quarter 2025 GDP growth #Ringgit #GDPGrowth #MalaysiaEconomy #ForexMarket #EconomicResilience

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1 month ago

Ministry Of Finance Says It’s Working To Bring Down Price Of Imported Goods Over Strong Ringgit The Ministry of Finance said that his department is seeing how it can bring down the price of importerd goods over the strengthening Ringgit.

Ministry Of Finance Says It’s Working To Bring Down Price Of Imported Goods Over Strong Ringgit #finance #ministryoffinance #ringgit

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Wilayah My

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1 month ago

Ringgit Strengthens 14% Against US Dollar, Amir Hamzah Pledges Benefits Will Reach Malaysians BALIK PULAU – Malaysia’s ringgit has strengthened by approximately 14 per cent against the US dollar since early last year, creating room for lower import costs and potential consumer price relief, Finance Minister II Amir Hamzah Azizan said today. He noted that the currency has also appreciated between 6.5 and seven per cent against other …

Ringgit Strengthens 14% Against US Dollar, Amir Hamzah Pledges Benefits Will Reach Malaysians #Ringgit #USDollar #Malaysia #Finance #Economy

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Wilayah My

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1 month ago

Ringgit near eight-year high, seen holding around 3.90 next week on growth optimism and softer US dollar KUALA LUMPUR, Feb 14, 2026 – The ringgit is expected to maintain its firm footing around the 3.90 level against the US dollar next week, as strong domestic growth momentum and continued US dollar softness underpin market sentiment. The local currency’s move toward levels last seen in April 2018 reflects renewed investor confidence in Malaysia’s …

Ringgit near eight-year high, seen holding around 3.90 next week on growth optimism and softer US dollar #Ringgit #USDollar #CurrencyMarket #ForexTrading #EconomicGrowth

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1 month ago

Ringgit expected to trade higher next week, driven by strong growth momentum KUALA LUMPUR: The ringgit is expected to trade stronger and remain at around 3.90 against the United States (US) dollar next week, supported by strong domestic economic growth momentum, which will influence market sentiment. Bank Muamalat Malaysia Bhd Chief Economist Mohd Afzanizam Abdul Rashid said the local currency is currently hovering around RM3.90 against the US dollar, but has the potential to test the immediate resistance level at RM3.87 next week. “The strong growth streak will continue to shape investor sentiment next week, which will benefit the ringgit in the near term,” he told Bernama . Kenanga Investment Bank Bhd […]

Ringgit expected to trade higher next week, driven by strong growth momentum #Ringgit #CurrencyMarket #EconomicGrowth #ForexTrading #MalaysiaEconomy

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1 month ago

Ringgit opens higher against US dollar on stable domestic sentiment KUALA LUMPUR: The ringgit opened higher against the United States (US) dollar, despite the stronger greenback, as continued confidence in Malaysia’s economic fundamentals supported the local currency. At 8am, the ringgit strengthened to 3.9100/9230 against the US dollar from 3.9110/9170 at the close on Wednesday. Bank Muamalat Malaysia Bhd Chief Economist, Dr Mohd Afzanizam Abdul Rashid said encouraging domestic economic data and continued investor confidence in Malaysia’s macroeconomic prospects continued to support demand for the local currency. “Strong data points for the Malaysian economy will also maintain interest in the ringgit. Therefore, the US dollar-ringgit pair is expected to move […]

Ringgit opens higher against US dollar on stable domestic sentiment #Ringgit #USdollar #MalaysiaEconomy #ForexMarket #EconomicGrowth

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Wilayah My

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1 month ago

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

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1 month ago

Ringgit opens almost unchanged against US dollar on mixed global sentiment KUALA LUMPUR: The ringgit opened almost unchanged against the US dollar on Monday as mixed global sentiment limited gains while investors assessed political developments and movements in major currencies. At 8am, the ringgit was trading almost flat at 3.9430/9560 against the US dollar from 3.9440/9525 at the close last Friday. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said various global factors had shaped the foreign exchange market and the US dollar-ringgit was expected to trade between RM3.93 and RM3.95 today. “We expect emerging market currencies including the ringgit to remain in positive momentum amid easing market […]

Ringgit opens almost unchanged against US dollar on mixed global sentiment #Ringgit #USdollar #ForeignExchange #FinanceNews #GlobalSentiment

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1 month ago

The ringgit opened lower driven by the easing of geopolitical risks and the rise of the US dollar KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday, driven by external factors as easing geopolitical tensions increased demand for the United States (US) currency. At 8am, the local currency weakened to 3.9510/9610 against the US dollar from 3.9440/9535 at the close on Thursday. According to media reports, the US and Iran are scheduled to hold talks in Oman on Friday following the incident of an Iranian drone being shot down earlier this week. IPPFA Sdn Bhd Investment Strategy Director and Economist Mohd Sedek Jantan said weak US labour market data including a decline in job vacancies, […]

The ringgit opened lower driven by the easing of geopolitical risks and the rise of the US dollar #Ringgit #USdollar #ForexMarket #GeopoliticalRisks #CurrencyExchange

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1 month ago