Tag Archives: Currency

Thursday, 16 March 2017 PETALING JAYA: Emerging-market currencies in South-East Asia are holding steady ahead of this week’s United States Federal Reserve (Fed) meeting, which may potentially see another interest rate hike. This is in stark contrast to last December when emerging-market currency exchange rates steeply weakened ahead of the …

Tuesday, 14 March 2017   KUALA LUMPUR: The ringgit was flat against the US dollar amid a steady dollar as the Federal Open Market Committee (FOMC) was widely expected to raise interest rates at its 14-15 March meeting. At 9 am(0100gmt), the local currency was unchanged at 4.4450/4500 against the …

Wednesday, 22 February 2017 KUALA LUMPUR: The ringgit opened unchanged against the US dollar in early trade today, as traders were cautious ahead of the US Federal Reserve’s meeting. At 9am, the local unit was traded at 4.4555/4595 against the greenback from 4.4555/4595 on Tuesday.  With the recent improvement in …

Monday, 19 December 2016 KUALA LUMPUR:  The ringgit was marginally higher against the US dollar early Monday, after having closed lower last week due to the impact of an increase in the US interest rates, a dealer said. At 9am, the ringgit was traded at 4.4750/4800 against the greenback from …

The ringgit reached its lowest level since January 1998 with a severe downturn experienced by many of the national currency is growing rapidly, following the announcement by the United States (US) to continue to raise interest rates during the year 2017. During the closing today, the ringgit was at RM4.4775 …

Bulawayo – Within five days of issuing a new currency in Zimbabwe, the cash ran out at commercial banks in many parts of the country. Last week Zimbabwe’s central bank released about $12 million of new cash, known as bond notes, and this money is supposed to have the same …

Monday, 5 December 2016 KUALA LUMPUR: The ringgit opened higher against the US dollar Monday on better demand following Bank Negara Malaysia’s (BNM) new measures, effective Monday, to encourage more domestic trade of the ringgit. At 9.05 am(0105 gmt), the local unit strengthened to 4.4470/4500 against the greenback from the …

Thursday, 10 November 2016 NEW YORK: The dollar rose across the board and hit its highest in nearly four months against the Japanese yen on Wednesday, as U.S. Treasury debt yields touched multimonth highs following Republican candidate Donald Trump’s victory in the presidential election. Prices fell on benchmark 10-year Treasury …

Thursday, 10 November 2016 Mexican peso and other emerging-market notes fall against US dollar PETALING JAYA: The Mexican peso, along with most emerging-market currencies, came under pressure following Donald Trump’s victory in the United States presidential election yesterday, as investors’ concern that trade deals in developing countries with the largest …

Thursday, 27 October 2016   PETALING JAYA: The ringgit continues to strengthen against the US dollar, alongside several other Asian currencies, as US policymakers continue to play down the possibility of an interest rate hike so close to the US presidential election. Globally, stock markets slipped as crude oil prices …