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FBM KLCI at 21-month high; ringgit hits 26-year low

KUALA LUMPUR: Bursa Malaysia closed on Tuesday with a solid rally to its highest in about 21 months while the ringgit weakened to its lowest in 26 years. ....

Kuala Lumpur , Malaysian Pacific Industries , Bank Negara , Bursa Malaysia , United Plantations , Hang Seng Index , Shanghai Composite Index , South Korea , Fbm Klci ,

Unexpected PBOC key borrowing cut drives ringgit lower

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. ....

United Kingdom , Kuala Lumpur , Mohd Afzanizam Abdul Rashid , Datuk Abdul Rasheed Ghaffour , Mohd Afzanizam , People Bank , Bank Negara Malaysia , Bank Muamalat Malaysia Bhd , Muamalat Malaysia Bhd , Mohd Sedek Jantan , Uob Kay Hian ,

BNM says ringgit's slide doesn't reflect economic strength amid currency polemic

KUALA LUMPUR, Feb 20 Bank Negara Malaysia (BNM) said today the ringgit’s performance does not reflect the country’s economic strength, as the currency slid further to its. ....

Kuala Lumpur , Datuk Abdul Rasheed Ghaffour , Abdul Rasheed , International Monetary Fund , Bank Negara Malaysia , Financial Crisis , Abdul Rasheed Ghaffour ,

Bank Negara: Ringgit's current level doesn't reflect Malaysian economy's positive outlook

KUALA LUMPUR: The recent performance of the ringgit, like other regional currencies, are impacted by external factors such as market adjustments to shifting US interest rate expectations, geopolitical concerns, and uncertainties surrounding China's economic outlook, according to Bank Negara. ....

Kuala Lumpur , Abdul Rasheed , Datuk Abdul Rasheed Ghaffour , Bank Negara ,