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17/06/2024

14/06/2024

The ringgit retreated against the US dollar to open lower on Tuesday as the risk mood was dampened by cautious US Federal Reserve official’s comments. At 9 am, the ringgit fell to 4.6910/6950 versus the greenback from Monday’s close of 4.6850/6875. Bank Muamalat Malaysia Bhd chief economist D...

07/06/2024

KUALA LUMPUR — The ringgit breached the RM2.99 level against the Japanese yen last seen in June 2015 in early trade on Tuesday. At 9am, the pair stood at 2.9984/3.0012. Subsequently, the ringgit traded at 3.001/0022 versus the yen at 10.42am. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afza...

31/05/2024

AFFIN Bank Bhd reported a 26% year-on-year decline in net profit for the first quarter ended March 31, 2024 (1Q24), with net profit standing at RM110.21 million compared to RM148.98 million a year earlier Despite this, , its bourse filing revealed that . revenue increased to RM504.54 million from RM...

17/05/2024

The ringgit extended Wednesday’s gains to open higher against the US dollar today as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.  At 9.00 am, the local currency rose to 4.7850/7885 versus the US dollar from Wednesday’s closing of...

10/05/2024

https://themalaysianreserve.com/2024/04/19/ringgit-opens-easier-against-us-dollar-11/

The ringgit opened easier against the US dollar today as the greenback strengthened further following the Federal Reserve’s (Fed) official hawkish stance. The United States’ (US) latest economic data continued to indicate that the economy was still on solid ground amid persistent inflation, reit...

24/04/2024

THE ringgit opened lower against the US dollar for the second consecutive day today as the greenback strengthened following robust US retail sales data for March, said an analyst.  At 9.20 am, the local currency eased to 4.7885/7910 versus the US dollar from Monday’s closing of 4.7785/7815. Ba...

19/04/2024

 KUALA LUMPUR — The liquidity and funding positions of the banking system remained strong in the second half of 2023, Bank Negara Malaysia (BNM) said. In its Financial Stability Review for the second half of 2023 (2H 2023), the central bank said the aggregate liquidity coverage ratio and net stab...

05/04/2024

THE ringgit opened higher against the US dollar on Thursday after the US Federal Open Market Committee (FOMC) opted to keep the Federal Funds Rate (FFR) steady at 5.50 per cent, which further strengthens the local note. At 9 am, the ringgit rose to 4.7070/7105 against the greenback from Thursday’...