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Ringgit will not face extreme volatility thanks to managed float
KUALA LUMPUR: The ringgit has been under pressure throughout this week amid political uncertainty in the country, which intensified with the collapse of the Pakatan Harapan-led government. On Monday, when the Cabinet was dissolved, the ringgit lost 0.8 per cent
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Bank Negara: External influence will affect ringgit
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus today said ringgit, which appreciated 1.1% against the US dollar last year, will continue to be influenced by external developments in 2020. While the Phase One trade deal between the United States and China
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Ringgit down against US dollar in early trade
KUALA LUMPUR: The ringgit opened almost flat against the US dollar today on lack of fresh buying interest, said a dealer. At 9.10am, the local note was at 4.1950/1990 against the greenback from yesterday’s close of 4.1955/1985. Axi Trader Asia-Pacific
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Ringgit soars against the US dollar early today
KUALA LUMPUR: The ringgit opened higher against the US dollar today due to better demand for the local currency and following the release of weaker US manufacturing data, as well as fewer jobs created in the country. At 9.03 am,
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Ringgit moderately lower against US dollar
KUALA LUMPUR: The ringgit was moderately lower against the US dollar at Thursday’s opening on lack of demand despite yesterday’s decision by the US Federal Reserve to cut interest rate. At 9 am, the ringgit eased to 4.1905/1945 versus the
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Ringgit continues downward trend
KUALA LUMPUR: The ringgit extended its downtrend from yesterday to open lower against the US dollar on the strengthening of the greenback amid heightened worries about the US-China trade dispute, dealers said. At 9.05 am, the ringgit was trading at
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Ringgit opens lower
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar after a mild rebound yesterday amid heightened external risk, particularly the escalation of US-China trade war. At 9.05 am, the ringgit stood at 4.1870/1920 from Wednesday’s close of 4.1860/1920.
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Malaysia´s inclusion in US watchlist likely a ploy to boost export
PUCHONG: Malaysia’s inclusion in the US Treasury’s monitoring list of potential currency manipulators is likely a ploy by Washington to gain exchange rate competitiveness to boost its exports, say experts. However, it is not expected to have a significant impact
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Guan Eng: Govt will monitor the Ringgit’s performance
KUALA LUMPUR: The government will monitor the ringgit’s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit’s performance should be evaluated on an annual basis,
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