Tag: #BNM

Ringgit opens higher against weakening US dollar
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Ringgit opens higher against weakening US dollar

Reporter- September 13, 2024

KUALA LUMPUR,. The ringgit opened higher against the weakening greenback today as the latest US economic data reinforced expectations for an interest rate cut in ... Read More

Ringgit easier against US dollar but higher versus other major currencies in early trade
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Ringgit easier against US dollar but higher versus other major currencies in early trade

Reporter- September 2, 2024

KUALA LUMPUR,. The ringgit was lower against the US dollar but rose versus other major currencies in early trade as investors are monitoring Bank Negara ... Read More

Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist
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Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist

Reporter- August 28, 2024

KUALA LUMPUR,. The ringgit is no longer perceived as undervalued after breaching the RM4.35 level against the US dollar, said UOB Kay Hian Wealth Advisors ... Read More

Positive sentiment pushes ringgit to strengthen vs greenback at the opening
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Positive sentiment pushes ringgit to strengthen vs greenback at the opening

Reporter- August 12, 2024

KUALA LUMPUR,. The ringgit continued to open on a better note this morning, lifted by resilient sentiment ahead of the release of Malaysia's gross domestic ... Read More

Ringgit sustains positive momentum versus US dollar ahead of US rate decision
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Ringgit sustains positive momentum versus US dollar ahead of US rate decision

Reporter- July 31, 2024

KUALA LUMPUR,. The ringgit opened firmer against the US dollar, hitting the RM4.61 level for a fresh seven-month high, and economists anticipate a further strengthening ... Read More

Bank Negara Malaysia keeps OPR unchanged at 3.00 pct
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Bank Negara Malaysia keeps OPR unchanged at 3.00 pct

Reporter- July 11, 2024

KUALA LUMPUR,. Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its ... Read More

Short-term rates set to remain stable on BNM operations
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Short-term rates set to remain stable on BNM operations

Reporter- May 27, 2024

KUALA LUMPUR,. Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system. Liquidity ... Read More