The ringgit opened lower against the US dollar on Tuesday as market players have become more risk averse due to challenging global economic prospects, an analyst said.

Ringgit opens lower against greenback

The ringgit opened almost flat against the US dollar on Monday ahead of the Bank Negara Malaysia's (BNM) overnight policy rate (OPR) decision on Thursday, an analyst said.

Ringgit opens flat versus US dollar, but firmer against other currencies

The ringgit is likely to stay at the current level against the US dollar next week, with a slightly negative bias at RM4.54 to RM4.56 due to strong US macro data, said an analyst.

Ringgit likely to hover around current level next week

The ringgit continued to strengthen against the US dollar at the close on Wednesday (July 26), lifted by a positive report by the International Monetary Fund (IMF) that had raised its global economic growth forecast for 2023, said an analyst.

Ringgit strengthens versus US dollar on IMF's positive data

The ringgit continued its downtrend to end lower against the US dollar on Monday (July 24) for the fifth consecutive day on cautious sentiment as the US Federal Reserve is likely to raise the Fed fund rate by 25 basis points this week, said an analyst.

Ringgit ends lower for fifth consecutive day

KUALA LUMPUR (July 18): Bursa Malaysia opened slightly higher on Tuesday (July 18), taking its cue from positive Wall Street performance as traders remained optimistic that the Federal Reserve might be less aggressive with rate adjustments during the Federal Open Market Committee (FOMC)’s meeting next week, a dealer said.

Bursa Malaysia opens slightly higher on July 18

KUALA LUMPUR (July 14): The ringgit continued to strengthen against the US dollar at the opening on Friday (July 14), following the decline in the United States (US)’ producer price index (PPI) in June, said an analyst.

Ringgit continues uptrend vs greenback at Friday’s opening

KUALA LUMPUR (July 13): The ringgit extended its positive run against the US dollar on Thursday (July 13), as the greenback weakened due to the lower-than-expected United States Consumer Price Index (US CPI) data in June 2023.

Ringgit hits 4.6190 as greenback weakens amid cooling US inflation

The ringgit appreciated against the US dollar at the opening on Wednesday (July 12), supported by rising oil prices and strong demand from China for Malaysia’s main commodities, particularly oil, said an analyst. 

At 9am, the local note had firmed at 4.6485/6535 against the greenback, compared with 4.6570/6610 at Tuesday’s close.

Ringgit higher versus US dollar on stronger oil prices, demand for M'sian commodities from China

The ringgit opened firmer against the US dollar on Monday morning (July 10) on the back of softer US non-farm payrolls (NFPs), which helped to stablise the local note, said an analyst. 

At 9am, the local unit had climbed to 4.6555/6600 versus the greenback, compared with 4.6655/6675 at last Friday’s close.

Ringgit opens firmer against greenback on softer US non-farm payrolls

Kisho Kumari Sucedaram

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Kisho Kumari Sucedaram

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