MARKET NEWS

KUALA LUMPUR: The ringgit closed higher against the US Dollar today, as the dollar continues to weaken on the prospect of another interest rate cut by the US Federal Reserve (US Fed). At 6 pm, the local note was at 4.1840/1870 compared with yesterday’s close of...

The dollar slipped on Friday after earlier posting gains following a U.S. jobs report that underperformed expectations but was solid overall, as investors remained cautious about political risk in the United States and ongoing trade negotiations with China. The greenback hit session highs against the yen...

KUALA LUMPUR (Oct 4): Malaysia's August exports registered a 0.8% year-on-year (y-o-y) decrease to RM81.4 billion, while imports fell 12.5%. The Department of Statistics Malaysia stated that the decline in exports was due to lower exports to Hong Kong (-RM911.5 million), Singapore (-RM844.9 million), Australia (-RM818.1...

KUALA LUMPUR: The ringgit opened higher against the US dollar as expectation of more rate cuts by the US Federal Reserve lifted market sentiment towards the local note. At 9.02am, the local note was at 4.1820/1850 against the greenback from 4.1860/1890 at the close yesterday. A dealer said the prospect of...