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ringgit

Ringgit Higher Against US Dollar

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KUALA LUMPUR: The ringgit was slightly higher against the US dollar and other major currencies early Wednesday on renewed demand for the domestic unit, a dealer said. At 9.00 am(0100 gmt), the local unit was quoted at 4.2050/2080 against the greenback from Tuesday’s close of 4.2060/2090. The dealer said the ringgit’s rebound was due to…

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Ringgit To Stay Firm At Raound 4.30 To Greenback Next Week

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KUALA LUMPUR – The ringgit is expected to stay firm at around the 4.30 level to the US dollar next week, driven by the positive Gross Domestic Product (GDP) growth spillover effect. The encouraging GDP data for the first quarter 2017 (1Q17) released by Bank Negara Malaysia (BNM) on Friday helped strengthen the local unit…

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Ringgit To Extend Recovery Against US Dollar Next Week

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KUALA LUMPUR – The ringgit is likely to extend its recovery against the US dollar next week, as market sentiment has shifted more towards emerging market currencies, dealers said. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the ringgit was expected to strengthen in the medium term after…

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Ringgit To See Range-Bound Trading Next Week

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KUALA LUMPUR – The ringgit is likely to see range-bound trade next week with the support level at 4.4390 and resistance of 4.4625, according to Hong Leong Bank (HLB) Research. It said it is also not impossible for the US dollar to retreat next week, which would allow for a moderate advance in the ringgit.…

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Ringgit To Trade Lower Against US Dollar Next Week

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KUALA LUMPUR – The ringgit is expected to trade lower at 4.48 to the US dollar next week, on rising expectations of the Federal Reserve (Fed) raising interest rates this month. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the local note will be pressured further by the…

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Ringgit Likely To Trade Lower Against Greenback Next Week

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KUALA LUMPUR – The ringgit is expected to trade lower against the US dollar next week, moving between 4.44-4.45, a dealer said. He said the local currency would be influenced by external economic conditions, including any decision and announcement made by US President Donald Trump. “Sentiment will also be influenced by an expected US interest…

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Ringgit Likely To Strengthen Against US Dollar Next Week

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KUALA LUMPUR – The ringgit is expected to further strengthen against the US dollar next week to between 4.4000 and 4.3500, riding on the greenback’s weakness in the global market, an analyst said. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the greenback has pulled back from its…

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Ringgit Likely To Improve To 4.40 Against Us Dollar Next Week

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KUALA LUMPUR – The ringgit is likely to improve to 4.40 level against the US dollar next week as sentiment towards the local note has started to improved, a dealer said. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said Malaysia’s strong economic fundamentals and the higher crude oil…

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Ringgit Volatility Down After Successful Bank Negara Measures

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PETALING JAYA: Bank Negara’s measure to compel exporters to convert 75% of their proceeds into ringgit is starting to bear fruit, following lower volatility in the ringgit. According to central bank statistics, the intraday ringgit movement against the US dollar has averaged around 90 points compared to 228 points in the month of November and…

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Drop In Ringgit Not As Bad As Claimed – Najib

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PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak said today the performance of the ringgit, which is said to have dropped slightly of late compared to the United States dollar, is not as bad as claimed by certain quarters. Najib, who is also Finance Minister, said he had talked to Bank Negara Malaysia Governor…

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Money Changers In Singapore Run Out Of Malaysian Ringgit

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SINGAPORE – At least four money changers at Change Alley ran out of the Malaysian currency yesterday as people stocked up on the plunging ringgit. One money changer, who wanted to be known only as Mr Bill, said he was cleaned out within a few hours of opening because he underestimated demand. Even though the…

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Ringgit Likely To Rebound Next Week

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KUALA LUMPUR – The ringgit is expected to rebound to the 4.10 level against the US dollar next week, driven by optimism ahead of Budget 2017 tabling. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the budget was expected to provide attractive measures to boost the economy, as…

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Ringgit To Come Under Pressure On Oil Price Volatility

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  KUALA LUMPUR – The ringgit is likely to come under pressure next week on expected continuous oil price volatility, a currency dealer said. The market’s scepticism over the Organisation of the Petroleum Exporting Countries’s (OPEC) output cut agreement and global risk aversion may continue to pressure the ringgit and most emerging Asian currencies, he…

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Ringgit Expected To Trend Lower Against The US Dollar

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  KUALA LUMPUR – The ringgit is expected to trend lower against the US dollar next week in anticipation of a possible interest rate hike by the US Federal Reserve. Affin Hwang Investment Bank Vice-President/ Retail Research Head Datuk Dr Nazri Khan Adam Khan said most Asian currencies would also trend lower, given the strong…

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Ringgit Biggest Gainer Among Regional Currencies

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PETALING JAYA – The ringgit was the biggest gainer among regional currencies yesterday, as investor sentiment towards Malaysia improved after crude oil prices breached US$50 (RM203.94) per barrel for the first time since November 2015. Friday morning it strengthened further. Analysts noted that the dissipation of fear over a potential interest rate hike in the…

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Ringgit Strengthened Against US dollar, Major Currencies

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  KUALA LUMPUR: The ringgit strengthened against the US dollar in the early session Wednesday on weak US housing data, said a dealer. Meanwhile, the ringgit was higher versus other major currencies. It rose against the British pound at 5.5497/5589 from 5.5658/5770 on Tuesday and increased against the euro at 4.3827/3899 from 4.4044/4138 yesterday. It…

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Ringgit Opens Higher Against Us Dollar

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KUALA LUMPUR – The ringgit opened higher against the US dollar today on positive external conditions that boosted the buying of the local note, dealers said. The ringgit was at 3.8800/8850 against the greenback from Monday’s 3.8860/8920. A dealer said the increase in crude oil prices to above US$42 per barrel also assisted the ringgit…

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Ringgit Opens Higher Against US Dollar On Continued Buying

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KUALA LUMPUR – The ringgit opened higher against the US dollar today on continued buying interest despite the strong greenback, dealers said. At 9.03 am, the ringgit was quoted at 4.0180/0280 versus the US dollar from 4.0245/0295 at 5.00 pm on Thursday. A dealer said the greenback stood firm against other major currencies despite weak…

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FOREX: Ringgit Opens Lower Against Dollar

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KUALA LUMPUR: The ringgit opened lower against the US dollar Friday on subdued sentiment amid optimism of an interest rate hike in the US this year. At 9.18 am, the ringgit was quoted at 4.2940/3010 versus the greenback from 4.2920/2970 at 5 pm on Thursday. A dealer said a recent comment from US Federal Reserve…

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Ringgit Higher Against US Dollar In Early Session

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KUALA LUMPUR – The ringgit opened higher against the US dollar today, lifted by continued buying support for the local unit, dealers said. At 9.13 am, the ringgit was quoted at 4.2900/2970 against 4.2920/3000 at 5pm on Friday. The local note, however, traded mixed to lower against other major currencies. It gained against the yen…

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Ringgit Opens Lower Against U.S. Dollar

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KUALA LUMPUR – The ringgit opened lower against the US dollar as the greenback hovered around its two-and-a-half months high ahead of the Federal Reserve open market committee statement later today, dealers said. At 9.11 am, the local unit was quoted at 4.2720/2770 against the dollar from Tuesday’s 4.2600/2690. The ringgit was also lower against…

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Ringgit Opens Lower Against US Dollar

in Latest

KUALA LUMPUR – The ringgit opened lower against the US dollar on lack of interest ahead of the Federal Reserve open market commite meeting today to find further clues on interest rate hike indication, dealers said. At 9.09 am, the local unit was quoted at 4.2400/2500 against the dollar from Monday’s 4.2220/2280. The ringgit was…

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Stronger US Dollar Drags Ringgit Lower

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KUALA LUMPUR – The ringgit opened lower against the US dollar today, dragged down by strong sentiment for the greenback, said a dealer. At 9.10 am, the local unit was quoted at 4.1950/2050 against the dollar from last Friday’s close of 4.1700/1800. The dealer said the greenback rose following the stronger-than-expected US inflation and jobless…

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Ringgit Opens Lower Against US Dollar

in Latest

KUALA LUMPUR – The ringgit opened lower against against the US dollar today on further profit taking after last week’s rally, said a dealer. At 9.20 am, the local unit was quoted at 4.1780/1850 against the dollar from yesterday’s close of 4.1360/1450. The dealer said the the current sentiment was still positive for the ringgit…

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Ringgit To Find 3.90 Resistance Level Next Week

in Latest/Slider

KUALA LUMPUR – The ringgit is likely to appreciate further against the US dollar next week, bolstered by improving risk appetitefor the former amid the weakening of the latter. A dealer said if the buying momentum continues next week, the local unit would likely find resistance at around the 3.90-level. “The current sentiment for the…

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Ringgit Extends Gains On Sustained Demand

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KUALA LUMPUR – The ringgit extended gains from yesterday to open higher against the US dollar on sustained demand and amid the weakening of the latter, a dealer said. At 9 am, the ringgit was traded at 4.2020/2100 against the US dollar from 4.2150/2250 at 5 pm Wednesday. The uptrend was also supported by improved…

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Ringgit Continues Upward Trend Against US Dollar

in Latest/Slider

KUALA LUMPUR – The ringgit continued its uptrend momentum against the US dollar this morning on renewed risk appetite for the local note. At 9 am, the ringgit was traded at 4.3720/3760 against the greenback from 4.3780/3835 at 5 pm Monday. The positive sentiment for emerging currencies emerged following the release of weak US jobs…

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Ringgit Opens Lower Agains US Dollar

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KUALA LUMPUR – The ringgit opened easier against the US dollar today on lack of demand and ahead of the weekend. At 9 am, the ringgit was traded at 4.4375/4425 against the greenback from 4.3990/4020 at 5 pm on Thursday. The ringgit also traded lower against a basket of other major currencies. It declined against…

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Government’s Decision Not To Peg Ringgit Is Appropriate

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KUALA LUMPUR – The government’s decision not to peg the Ringgit against the US Dollar to stem its decline is appropriate to the current circumstances, said an economist. Although the Ringgit had depreciated much more than other currencies, the situation was still under control, said senior lecturer at Universiti Utara Malaysia’s School of International Studies…

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Ringgit Opens Lower Against US Dollar

in Latest

KUALA LUMPUR – The ringgit opened lower against the US dollar in early trade today on renewed concerns over the instability of China’s and regional economies, a dealer said. At 9am, the ringgit eased to 4.4600/4690 against the greenback from 4.4160/4240 at 5pm on Monday. The local note hit a 17-year low yesterday as foreign…

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