Ringgit expected to trade in narrow range against US dollar next week
KUALA LUMPUR: The ringgit is likely to remain range-bound against the US dollar next week, with market attention drawn to speeches by several US Federal Reserve (Fed) officials, an analyst said.
Ringgit ends higher vs US dollar on easing oil supply concerns
KUALA LUMPUR: The ringgit strengthened against the US dollar and other major currencies at Friday's close, buoyed by improved market sentiment following easing concerns over crude oil supply, an analyst said.
Chinese yuan hits strongest level since 2022 after PBOC fixing
THE yuan climbed to its highest level against the dollar in more than four years, extending an advance underpinned by broad Chinese export strength and support from the central bank.
Ringgit opens higher against US dollar as oil prices ease
KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of major currencies on Friday, supported by improved market sentiment as easing West Asia crude oil supply concerns lifted risk appetite.
Ringgit outlook hinges on US rates
The ringgit's near-term trajectory will be influenced by the higher for longer US interest rate policy, with the gap between US and domestic interest rates expected to widen further through another expected hike in the benchmark federal funds rate by the US Federal Reserve (Fed) this year.
Ringgit ends mostly higher against major currencies, but weakens vs US dollar
KUALA LUMPUR: The ringgit ended mostly higher against major currencies on Thursday, but weakened against the greenback, as investors digested the US Federal Reserve's (Fed) latest interest rate decision, an analyst said.
Ringgit opens slightly lower vs US dollar after hawkish FOMC outcome
KUALA LUMPUR: The ringgit opened lower against the US dollar on Thursday as the greenback strengthened following a hawkish outcome from the United States (US) Federal Open Market Committee (FOMC) meeting overnight.
Carry traders eye franc and krona as yen’s funding appeal ebbs
Currencies such as the Swedish krona and Swiss franc are emerging as prime candidates to finance carry trades as the yen's recent surge makes it a less reliable bet than in the past.
Dollar edges lower before expected Fed hike
LONDON: The dollar pulled back from near multi-week highs on Wednesday as oil prices stalled and ahead of a Federal Reserve decision that traders expect will bring the first of several possible U.S. interest rate hikes.
China's yuan holds ground ahead of Fed outcome
SHANGHAI: China's yuan steadied against the dollar on Wednesday despite a much-strengthened official guidance rate set by the central bank, as investors stayed on the sidelines ahead of the Federal Reserve's policy outcome due later in the day.
