Why the ringgit was world’s top performing currency last week, …
KUALA LUMPUR, Sept 23 — The ringgit climbed to a 30-month high of 4.1815 against the US dollar on Friday to end the week as the world’s top-performing currency as it rode on the US Federal Reserve’s unexpectedly large interest rate cut …
Ringgit marginally lower against US dollar at the close
3 hours ago · KUALA LUMPUR: The ringgit continued its downward momentum against the US dollar on Thursday, albeit marginally, weighed by a decline in Malaysia's international reserves, said an economist.
MYR/USD: Ringgit on Best Run in 14 Years as Malaysia’s Outlook ...
Aug 2, 2024 · Translate. The ringgit is set for its longest winning streak in 14 years on optimism surrounding Malaysia’s economy and foreign fund inflows. The local currency rose 1.6% against the dollar on...
Malaysia Central Bank Says Ringgit’s Weakness Won’t Last
6 days ago · Bank Negara Malaysia said it will be ready to smooth any excessive volatility in the ringgit and that markets should look beyond “short-term currency dynamics.” “BNM remains vigilant and ...
Ringgit poised to sustain rally after best quarter in 50 years
Sep 23, 2024 · THE Malaysian ringgit is set for its best quarter since 1973, with a likely refrain by the central bank from cutting interest rates seen to extend the currency’s rally.
Malaysian Ringgit Set for Biggest Monthly Decline Since 2015
Oct 30, 2024 · Malaysia’s currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.
Ringgit surges to 11-month peak, extending nine-day rally …
Aug 1, 2024 · Money. Ringgit surges to 11-month peak, extending nine-day rally against US dollar. The ringgit opened slightly higher today, extending its nine-day upward trajectory against the US dollar and lingering at an 11-month high. — Picture by Sayuti Zainudin.
Ringgit maintains stronger footing at the close
2 days ago · KUALA LUMPUR: The ringgit continued to be on a stronger footing against the US dollar today after recent weakness as the markets anticipate a rate cut by the US Federal Reserve, said an economist.
Malaysian ringgit charts strong performance against US dollar
May 28, 2024 · KUALA LUMPUR: Malaysia’s efforts in wooing investors to bring home their returns have succeeded in propping up the ringgit, analysts say, but the path to recovery is littered with questions of if...
Ringgit to rally through 2024 with Fed rate cuts and robust local ...
KUALA LUMPUR, Aug 26 — The Malaysian Institute of Economic Research (MIER) forecasts that the ringgit could strengthen to between 4.20 and 4.25 against the US dollar by the end of 2024, up from 4.59 at the close of 2023.