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Ringgit Closes Lower Amid US FED Leadership Speculations

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 30 (Bernama) -- The ringgit closed lower against the US dollar on the last trading day of the week, pressured by renewed demand for the greenback amid speculations surrounding the future leadership of the United States Federal Reserve (Fed).

JETRO Fosters Innovation Partnerships Between Japanese And ASEAN Enterprises

KUALA LUMPUR, Jan 30 (Bernama) -- Japan’s Economy, Trade and Industry Ministry and the Japan External Trade Organisation (JETRO) have implemented the Japan-ASEAN Co-creation Fast Track Pitch initiative to foster innovation between Japanese and ASEAN enterprises.

Ringgit Rebounds To 3.9190 Vs Greenback On US Uncertainties

KUALA LUMPUR, Jan 30 (Bernama) -- The ringgit rebounded against the US dollar at Friday’s open as persistent uncertainties in the United States continued to weigh on the greenback, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said.

Ringgit Retreats Against US Dollar After Fed Holds Rates

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 29 (Bernama) -- The ringgit closed lower against the US dollar today following the United States Federal Reserve’s decision to keep interest rates unchanged, which supported the greenback.

Ringgit Rises To 3.9130 Vs Greenback On Strong Fundamentals, US Fed Holds Rates

KUALA LUMPUR, Jan 29 (Bernama) -- The ringgit opened marginally firmer against the US dollar on Thursday, supported by confidence in Malaysia’s economic growth and solid domestic fundamentals, as investors digested the US Federal Reserve (Fed)’s decision to keep interest rates unchanged.

Malaysia-France Mining Project Moves Forward, Eyes Downstream Expansion

KUALA LUMPUR, Jan 28 (Bernama) -- The Malaysia–France mining project between Malaco Mining Sdn Bhd and French rare earth refining and recycling specialist Carester has entered the pilot plant phase for mining and refining.

Ringgit Surges For Third Day, Closing At 3.9175 vs US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 28 (Bernama) -- The ringgit jumped to a seven-year high to close at 3.9175 versus the US dollar on Wednesday as improved risk sentiment and a softer greenback continued to support the local currency, which rose for the third consecutive day this week.

Ringgit Firms To 3.9485 As Weak US Data Pressures Greenback

KUALA LUMPUR, Jan 28 (Bernama) -- The ringgit opened firmer against the US dollar on Wednesday, supported by weaker US economic data that continued to weigh on the greenback.

Ringgit Ends At Fresh Seven-year High Of 3.95 Vs US Dollar, New Support Seen At 3.8722

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit ended at another fresh high in more than seven years against the US dollar today, reaching the 3.95 level, with an economist setting a new support level for the local currency at RM3.8722.

Rubber Market Ends Lower On Weaker Regional Futures, Falling Oil Prices

By K. Naveen Prabu

KUALA LUMPUR, Jan 27 (Bernama) -- The Kuala Lumpur rubber market ended lower today, tracking the downward movement in regional rubber futures and benchmark crude oil, said a dealer.

Malaysia Equities Hit Strongest Level Since 2018 On Firmer Ringgit, Solid Local Fundamentals

By Nurunnasihah Ahmad Rashid and Abdul Hamid A Rahman

KUALA LUMPUR, Jan 27 (Bernama) -- Malaysia’s equity market surged to its strongest level since 2018 on Tuesday, as renewed investor confidence, underpinned by a firmer ringgit and shifting global capital dynamics, prompted a reassessment of the country’s risk profile, say economists.

Ringgit Hits Fresh 2018 High Of 3.9540 Against US Dollar, Extends Uptrend

KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit traded at 3.9540 against the US dollar at the lunch break, marking a fresh high since May 15, 2018, when it last stood at the same level, and extending its run of fresh highs.