Hawkish Fed bets, oil shock set to keep ringgit around 4.00 against US dollar next week
KUALA LUMPUR: The ringgit is expected to trade around the 4.00 level against the US dollar next week, as expectations of a prolonged West Asia conflict weigh on the currency.
Ringgit and regional currencies ease against US dollar amid rising demand for safe-haven assets
KUALA LUMPUR: The ringgit, along with other regional currencies, closed lower against the US dollar on Friday as investors, both globally and regionally, shifted back to safe-haven investments due to ongoing geopolitical uncertainties in West Asia.
Ringgit weakens past 4.00 against US dollar
KUALA LUMPUR: The ringgit slipped past the key 4.00 level against the US dollar at midday, trading at 4.0070, down 0.33%, as external headwinds weighed on the local currency.
China's yuan falls to near 3-week low as safe-haven demand lifts dollar
SHANGHAI: China's yuan slipped to a near three-week low against the dollar on Friday and was heading for a second straight weekly loss, as the intensifying Middle East conflict fuelled safe-haven demand for the greenback and pressured non-dollar currencies.
Ringgit opens higher on pragmatic fuel subsidy approach
KUALA LUMPUR: The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
Ringgit weakens against US dollar, other currencies
The ringgit weakened against the US dollar and other currencies at yesterday's close as uncertainties over the conflict in West Asia triggered a risk-off mode in financial markets.
Ringgit weakens against US dollar, other currencies amid West Asia war
KUALA LUMPUR: 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.
China's yuan edges down as dollar gains; investors watch Iran war talks
CHINA's yuan ticked lower against the U.S. dollar on Thursday, as the greenback strengthened on uncertainty about ceasefire negotiations for the war in Iran.
Ringgit opens higher versus greenback for third consecutive day
KUALA LUMPUR: The ringgit extended its upward momentum, opening higher against the US dollar for a third consecutive day on Thursday, as market sentiment continued to hinge on prospects of a ceasefire between the United States and Iran.
Ringgit softens vs US dollar as markets await clearer signs of Iran war de‑escalation
KUALA LUMPUR: The ringgit weakened against the US dollar and other major currencies at Wednesday's close on cautious sentiment as investors await clearer signs of de‑escalation in the Iran war.
