Ringgit Weakens Against US Dollar As Trade War Escalates
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 28 (Bernama) -- The ringgit closed lower against the US dollar on Friday as concerns over an escalating trade war weighed on sentiment.
LATEST NEWS | Single student recruitment system for MRSM, SBP and special schools starting next year - DPM Ahmad Zahid | Laws safeguarding copyright and the authenticity of local artworks must be established in response to AI developments - PM Anwar | The country needs more local experts to ensure that artificial intelligence (AI) development aligns with Malaysia’s values and norms - PM Anwar | Malaysia's core inflation unchanged at 1.8 pct in June 2025 -- DOSM | Malaysia's inflation eased to 1.1 pct in June 2025 from 1.2 pct in May 2025 -- DOSM | |
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 28 (Bernama) -- The ringgit closed lower against the US dollar on Friday as concerns over an escalating trade war weighed on sentiment.
KUALA LUMPUR, Feb 28 (Bernama) -- Cautious market sentiment and a lack of local catalysts have led the ringgit to trade easier against the US dollar at the opening today.
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 27 (Bernama) -- The ringgit weakened further against the US dollar amid mixed market sentiments following the US government’s preparations to impose 25 per cent tariffs on Canada and Mexico in early March.
KUALA LUMPUR, Feb 27 (Bernama) -- The ringgit opened marginally higher against the US dollar amid mixed market sentiment with the US Federal Reserve which is likely to continue its interest rate cuts with bond yields sliding amid uncertainties over tariffs.
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 26 (Bernama) -- The ringgit extended its decline against the greenback at today’s close, following a weaker-than-expected United States consumer confidence report.
By Karina Imran
KUALA LUMPUR, Feb 26 (Bernama) -- The Employees Provident Fund (EPF) is projected to announce a dividend rate of between 6.0 per cent and 6.2 per cent for 2024, supported by robust global and domestic economic conditions, said an analyst.
KUALA LUMPUR, Feb 26 (Bernama) -- The ringgit rebounded against the US dollar at the opening today after a weaker-than-expected US consumer confidence report weighed on the greenback, reinforcing the narrative that monetary policy easing in the United States should remain intact this year.
By Siti Noor Afera Abu
KUALA LUMPUR, Feb 25 (Bernama) -- The ringgit weakened against the US dollar at close today, after reaching a nearly three-week high, highlighting the challenges of breaking below the RM4.40 level following US President Donald Trump's announcement that tariffs on Mexico and Canada would proceed as planned.
KUALA LUMPUR, Feb 25 (Bernama) -- The ringgit opened marginally higher against the US dollar this morning with further attempts expected to break below the RM4.40 level as traders and investors observe the next move in respect to US tariffs.
KUALA LUMPUR, Feb 24 (Bernama) -- The ringgit extended its gains to close stronger against the US dollar on Monday, supported by easing US-China trade tension and weaker US economic data that initially pressured the dollar.
KUALA LUMPUR, Feb 24 (Bernama) -- The ringgit strengthened against the US dollar in early trade after reaching a nearly three-week high last Friday, buoyed by softer-than-expected US economic data released last week.
KUALA LUMPUR, Feb 22 (Bernama) -- The ringgit is expected to move towards its immediate support level of RM4.36 against the US dollar in the coming week, driven by optimism surrounding a less aggressive tariff trade approach by Donald Trump’s administration.