Ringgit edges down on improving US data:
KUALA LUMPUR: The ringgit marginally depreciated against the US dollar on Wednesday, weighed down by a firmer greenback ...
thestar.com.my/business/business-news/2025/05/28/ringgit-edges-down-on-improving-us-data
Story Details
| Last Updated | |
| Total Articles | 4 |
Main Topics
News on this topic
Ringgit opens higher as US trade policy uncertainty, fiscal concerns weigh on dollar
thestar.com.my/business/business-news/2025/05/27/ringgit-opens-higher-as-us-trade-policy-uncertainty-fiscal-concerns-weigh-on-dollar
Ringgit closes higher against greenback amid sudden US trade policy shifts, fiscal concern
thestar.com.my/business/business-news/2025/05/26/ringgit-closes-higher-against-greenback-amid-sudden-us-trade-policy-shifts-fiscal-concern
Ringgit strengthens against US$ amid tariff shock effects: KUALA LUMPUR: The ringgit continued to strengthen against the US dollar at opening today ...
thestar.com.my/business/business-news/2025/05/26/c
Similar to This
Previous
Ringgit to trade in narrow range against US dollar in holiday-shortened week ahead
thestar.com.my/business/business-news/2025/12/28/ringgit-to-trade-in-narrow-range-against-us-dollar-in-holiday-shortened-week-ahead
Bursa Malaysia turns higher at midday on stronger ringgit: KUALA LUMPUR: Bursa Malaysia pared earlier losses to end the morning session higher ...
thestar.com.my/business/business-news/2025/12/16/bursa-malaysia-turns-higher-at-midday-on-stronger-ringgit
FBM KLCI ends marginally higher as ringgit strengthens: KUALA LUMPUR: The FBM KLCI eked out a slight gain on Friday, lifted by selective buying in blue-chip ...
thestar.com.my/business/business-news/2025/11/07/fbm-klci-ends-marginally-higher-as-ringgit-strengthens
Ringgit improves against US$ ahead of inflation data: KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday amidst renewed buying interest.
thestar.com.my/business/business-news/2024/05/27/ringgit-improves-against-us-ahead-of-inflation-data
Key FactsRinggit Strengthens Ahead of US Inflation Report
May 27, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thestar.com.my
Summary created with AI assistance · Source: thestar.com.my
- The ringgit opened stronger at 4.7075/7130 against the US dollar from Friday’s close of 4.7100/7130.
- Bank Muamalat Malaysia’s chief economist anticipates cautious sentiment ahead of the upcoming US inflation report.
- The Federal Reserve’s tight monetary policy is expected to support the US dollar and postpone easing measures.
- The ringgit weakened against the Japanese yen, euro, British pound, and several ASEAN currencies.
A slew of Fed speakers lining for the up week would also seem to convey a similar message on the need to keep the benchmark interest rate high to suppress inflation towards their stated goal of 2.0 percent.— Dr. Mohd Afzanizam Abdul Rashid, chief economist of Bank Muamalat Malaysia Bhd, discussing the Federal Reserve's monetary policy.
Next