KUALA LUMPUR (June 8): The ringgit would not hit the 5.0 level against the US dollar because Malaysia is not experiencing any form of crisis.

Bank Negara Malaysia (BNM) assistant governor (AG) Adnan Mohamad Zahid said the central bank does not see any concerning trends or speculative pr...

Ringgit will not hit RM5 against US dollar, says BNM assistant governor

The ringgit closed lower against the US dollar on Thursday (June 8) as investors were reluctant to take a position ahead of the US Federal Reserve's (Fed) policy meeting.

Ringgit ends lower against US dollar on weak demand

SEOUL (June 8): South Korea will discuss with Japan, the re-establishment of their bilateral foreign exchange swap line that expired in 2015, its finance minister said on Thursday.

South Korea plans to discuss bilateral FX swap with Japan, finmin says

South Korea's central bank warned on Thursday (June 8) that an early shift in its monetary policy stance could pile more pressure on the local currency, a risk that needs to be properly addressed.

Bank of Korea: Early policy shift may add pressure on local currency

Türkiye's lira plunged to a record low as traders said state lenders had halted dollar sales to defend it, in a sign the new economic administration is giving up on costly interventions as part of an expected turn toward more conventional economic policies.

Turkish lira plunges as state banks retreat from defence

The ringgit closed slightly higher against the US dollar on Wednesday (June 7) as higher oil prices continued to support risk appetite in the market, amid cautious sentiment in the greenback.

Ringgit ends higher against US dollar on rising oil prices

KUALA LUMPUR (June 7): The ringgit rebounded from its losses to open marginally higher against the US dollar on Wednesday (June 7), supported by the rising oil price amid a slightly weaker greenback.

Ringgit rebounds to open higher versus US dollar on June 7

The ringgit closed lower against the US dollar on Tuesday (June 6), weighed down by concerns over China's economic and financial stability as well as weaker oil prices, said an analyst.

Concerns over China’s economy weigh on ringgit at close

KUALA LUMPUR (June 6): Emerging geopolitical fault lines may induce sovereigns, central banks and companies in Asia Pacific (Apac) to diversify the currencies in which they raise funds, invest their reserves or invoice merchandise trade, according to Moody’s Investors Service.

Moody’s: Apac’s geopolitical fault lines may accelerate currency diversification from US dollar

KUALA LUMPUR (June 6): The ringgit opened lower against the US dollar in the early session on Tuesday (June 6), as investors remain cautious on the global outlook despite a slightly weaker greenback, an analyst said. At 9am, the local note fell to 4.5950/6000 versus the greenback, compared with Friday (June 2)’s closing of 4.5745/5785.

Ringgit lower against US dollar in early session on June 6

The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the US Federal Reserve (Fed) on its monetary policy.

Ringgit expected to trade with upward bias versus US dollar next week

Argentina has signed a deal to renew and potentially expand its currency swap line with China, the South American country's central bank said in a statement on Friday, a boost to the indebted nation's dwindling foreign currency reserves.

The bank said that the two countries had agreed to renew the total 130 billion yuan (US$18.36 billion) swap line for three more years, and could double the freely accessible part of the swap from 35 billion yuan now to 70 billion yuan, some US$10 billion.

Argentina to renew, expand China currency swap line

The ringgit rebounded from a four-day losing streak to end higher on Friday (May 2), driven by improved sentiment as the US debt ceiling deal was resolved and the expectation that the Federal Reserve will pause interest rate hikes in June.

Ringgit ends higher against US dollar, regional peers

All around the world, a backlash is brewing against the hegemony of the US dollar.

Brazil and China recently struck a deal to settle trade in their local currencies, seeking to bypass the greenback in the process.

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