KUALA LUMPUR, Aug 28 The ringgit is likely to experience headwinds next week, trading in the range of RM4.19 to RM4.21 against the US dollar, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim. “Headwinds could appear if the Organisation of the Petroleum Exporting Countries (Opec).
KUALA LUMPUR, Aug 14 The ringgit is expected to trade between RM4.23 and RM4.24 against the US dollar next week due to lacklustre sentiment in the global oil market, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim. He said market sentiments will continue to be affected in an already.
Saturday, 26 Jun 2021 10:53 AM MYT
The ringgit traded mostly weaker against other major currencies. Picture by Hari Anggara
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KUALA LUMPUR, June 26 ― External concerns will continue to play a big role in determining the direction of the ringgit next week, with investors keeping a close eye on developments in the United States.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said talks of a possible US quantitative easing tapering would resurface every now and then to influence the foreign exchange (forex) market to remain volatile in the near future.
KUALA LUMPUR, June 12 The ringgit is likely to trade in a range of 4.09 to 4.11 level next week as Malaysia aims to achieve the target of injecting 150,000 doses of vaccine daily, said an analyst. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim, citing the latest data from the Covid-19.
Saturday, 30 Jan 2021 11:47 AM MYT
The local currency ended the week firmer against the greenback as Moody’s Investors Service’s affirmation of Malaysia’s local and foreign currency long-term issuer ratings at A3, with a stable outlook, helped boost risk appetite in the market. Bernama pic
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KUALA LUMPUR, Jan 30 The ringgit is expected to further appreciate against the US dollar next week with investors keeping their focus on the progress of Covid-19 vaccination.
“The ringgit could appreciate further to reach RM4.03 per US dollar next week if there are positive developments regarding the vaccine rollout.