KUALA LUMPUR: The People’s Bank of China (PBOC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional currencies, including the ringgit, to trade lower against the US Dollar, mirroring the trend of the Chinese renminbi.
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite higher inflation data in the United States (US), said an analyst.
KUALA LUMPUR, Feb 19 The ringgit opened marginally higher against the US dollar today despite higher inflation data in the United States (US), said an analyst. At 9am, the.
KUALA LUMPUR: The additional revenue from sales and service tax (SST) expansion to 8% from 6% effective March 1, 2024 can benefit the rakyat in the form of cash aid, urban infrastructure and healthcare amid the ageing population in the country.
KUALA LUMPUR: The ringgit ended lower against the US dollar on Monday on lack of buying demand, amid cautious trading ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes this week, said an economist.