KUALA LUMPUR, April 16 The ringgit is anticipated to trade on a downward trend next week on lack of catalysts, analysts said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said buying support for the US dollar was likely to strengthen as the US Federal Reserve was.
KUALA LUMPUR, April 2 The ringgit is expected to continue to trade in a volatile mode next week, as mixed signals from global economic developments are expected to keep more investors on the sidelines, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the.
KUALA LUMPUR, March 26 The ringgit is expected to trade on the upside bias moving between RM4.19 and RM4.20 next week, amid better risk appetite and fairly positive domestic economic data and outlook, an analyst said. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the.
KUALA LUMPUR, March 12 ― The ongoing Russia-Ukraine conflict has increased demand for safe haven assets such as the US dollar, while riskier assets, such as the ringgit, are anticipated to stay undervalued. The US dollar index continued to march higher, rising by 0.21 per cent to 98.712 points.
KUALA LUMPUR, March 5 ― The ringgit is expected to continue its uptrend amid cautious sentiment due to global geopolitical tensions, trading between RM4.17 and RM4.18 against the US dollar next week, said an economist. The focus will remain centered on the war in Ukraine next week, said Bank.