Federal Reserve( Fed) decided to maintain its interest rate at 5.5 per cent.At 9: 05 am, the ringgit

) Federal Reserve( Fed) raised its key interest rates to a 22-year high.At 9 am, the local note rose to

1980s and the central banks of Canada and New Zealand provided a model for the Federal Reserve( Fed

KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade today as the market is focusing on the upcoming United States( US) Non-Farm Payrolls( NFP) figure, scheduled for release tonight.At 9.10 am, the local note rose to 4. 5395/ 5485 against the greenback compared with 4. 5535/ 5570 at Thursday’s close. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the consensus believes that the NFP for July 2023 might be slightly low

KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade today as the market is focusing on the upcoming United States( US) Non-Farm Payrolls( NFP) figure, scheduled for release tonight.At 9.10 am, the local note rose to 4. 5395/ 5485 against the greenback compared with 4. 5535/ 5570 at Thursday’s close. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the consensus believes that the NFP for July 2023 might be slightly low

KUALA LUMPUR: The ringgit traded marginally lower against the US dollar at the close on Thursday due to a lack of catalysts, said an analyst.At 6 pm, the ringgit eased to 4. 6775/ 6830 against the greenback from Wednesday’s close of 4. 6735/ 6805. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the market remained guarded as to how the US dollar would evolve given the mixed data points from the University of Michigan’s Consumer Sentiment Index and US Jobless Claims."

the US Federal Reserve( Fed) to increase interest rates. The declining value of the ringgit against

KUALA LUMPUR: The ringgit opened little changed against the US dollar this morning as sentiments were mixed in light of the United States’( US) thriving economy and China’s wobbling economy, said an analyst.At 9 am, the local note slightly rose to 4. 6460/ 6500 against the greenback from 4. 6465/ 6510 at last Friday’s close. SPI Asset Management managing director Stephen Innes said although these factors could have varying effects on other assets, they usually help strengthen the US dollar in th

KUALA LUMPUR: The ringgit opened little changed against the US dollar this morning as sentiments were mixed in light of the United States’( US) thriving economy and China’s wobbling economy, said an analyst.At 9 am, the local note slightly rose to 4. 6460/ 6500 against the greenback from 4. 6465/ 6510 at last Friday’s close. SPI Asset Management managing director Stephen Innes said although these factors could have varying effects on other assets, they usually help strengthen the US dollar in th

year, some policymakers have begun questioning whether the Fed should continue to keep its benchmark