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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.
By K. Naveen Prabu
KUALA LUMPUR, Jan 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher today, tracking gains in soybean oil.
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.
By K. Naveen Prabu
KUALA LUMPUR, Jan 28 (Bernama) -- The Kuala Lumpur rubber market ended higher today, supported by greater expectation of supply tightness, said a dealer.
KUALA LUMPUR, Jan 28 (Bernama) -- The ringgit has staged a strong comeback, rising from around the 4.70 level against the US dollar a few years ago to the 3.90 level currently, making it one of Asia’s best-performing currencies, said World Bank lead economist for Malaysia Apurva Sanghi.
KUALA LUMPUR, Jan 28 (Bernama) -- The ringgit strengthened to 3.9170 against the US dollar at Wednesday’s lunch break, extending gains from earlier sessions on renewed market confidence.
By Karina Imran
KUALA LUMPUR, Jan 28 (Bernama) -- Malaysia’s economic growth outlook continues to be supported by solid fundamentals. Our economy is highly diversified and our domestic demand is resilient, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.
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.
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.
KUALA LUMPUR, Jan 27 (Bernama) -- Malaysia’s total trade is expected to grow moderately between 3.0 and 5.0 per cent this year amid global external headwinds, said Deputy Minister of Investment, Trade and Industry Sim Tze Tzin.
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.
By M.Saraswathi & Karina Imran
KUALA LUMPUR, Jan 27 (Bernama) -- Policy certainty, ongoing government reforms and supportive external factors have contributed to the ringgit’s steady appreciation to levels last seen in 2018, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.
