[Tree] Ringgit's performance against the US dollar

Version 1.47 (2024-10-04 12:44:14.445000)

updates: Ringgit recovers slightly against USD amid tensions

Version 1.46 (2024-10-02 14:40:28.679000)

updates: Ringgit's decline amid geopolitical risks; still top-performing currency

Version 1.45 (2024-10-02 00:45:44.732000)

updates: Ringgit opens lower amid geopolitical tensions

Version 1.44 (2024-09-30 00:46:02.134000)

updates: Ringgit strengthens to RM4.1150 against USD

Version 1.43 (2024-09-29 09:40:14.361000)

updates: New predictions for ringgit's future value included

Version 1.42 (2024-09-29 03:36:56.931000)

updates: Ringgit reaches 30-month high; economic growth noted

Version 1.41 (2024-09-27 02:42:55.077000)

updates: BMI Research revises year-end forecast to RM4.00

Version 1.4 (2024-09-27 00:54:43.247000)

updates: Ringgit strengthens to RM4.12; forecasts updated.

Version 1.39 (2024-09-26 04:38:15.071000)

updates: MIDF revises MYR forecast to RM4.03 by year-end

Version 1.38 (2024-09-25 05:35:37.146000)

updates: Ringgit strengthens due to US economic concerns

Version 1.37 (2024-09-25 04:35:09.131000)

updates: Ringgit reaches multi-year high; GDP growth exceeds expectations

Version 1.36 (2024-09-25 03:38:39.928000)

updates: Ringgit breaches RM4.14 due to economic factors

Version 1.35 (2024-09-25 01:43:22.219000)

updates: Ringgit breaches RM4.14; US economic concerns rise

Version 1.34 (2024-09-23 02:41:45.026000)

updates: Ringgit's bullish trend and economic indicators updated

Version 1.33 (2024-09-23 00:36:24.118000)

updates: Updated trading range and performance insights

Version 1.32 (2024-09-22 02:38:57.709000)

updates: Forecasts indicate continued bullish trend for the ringgit

Version 1.31 (2024-09-20 21:42:27.491000)

updates: Updated with new economic data and analysis

Version 1.3 (2024-09-20 11:46:02.497000)

updates: Ringgit appreciates but faces challenges from oil prices

Version 1.29 (2024-09-20 01:40:26.514000)

updates: Ringgit declines after reaching a 28-month high

Version 1.28 (2024-09-19 11:52:15.550000)

updates: Ringgit hits 28-month high after Fed rate cut

Version 1.27 (2024-09-18 11:39:53.946000)

updates: Updated ringgit value and economic projections

Version 1.26 (2024-09-18 00:36:55.223000)

updates: Updated projections for ringgit against the USD

Version 1.25 (2024-09-15 02:36:16.046000)

updates: Updated forecasts and market analysis for the ringgit

Version 1.24 (2024-09-13 11:50:55.135000)

updates: Ringgit hits 20-month high; US rate cut expected

Version 1.23 (2024-09-06 01:38:35.596000)

updates: BNM holds rate; US job market weakens

Version 1.22 (2024-09-05 01:35:22.821000)

updates: Updated ringgit exchange rate and US job openings data

Version 1.21 (2024-09-04 02:42:23.681000)

updates: Ringgit appreciates 9% against USD; GDP growth reported.

Version 1.2 (2024-09-03 00:51:52.468000)

updates: Ringgit opens higher; profit-taking expected

Version 1.19 (2024-09-02 00:39:24.417000)

updates: Updated ringgit value and economic forecasts

Version 1.18 (2024-08-31 02:33:56.651000)

updates: Predictions for ringgit's future performance and economic data

Version 1.17 (2024-08-30 01:42:38.264000)

updates: Ringgit reaches highest value since January 2023

Version 1.16 (2024-08-29 01:40:36.575000)

updates: Ringgit rises to RM4.3385 amid stock market rally

Version 1.15 (2024-08-28 01:35:02.223000)

updates: Ringgit strengthens to RM4.3350; US economic data mixed

Version 1.14 (2024-08-27 04:37:41.107000)

updates: CGS International projects RM4.40 by year-end.

Version 1.13 (2024-08-27 01:51:48.002000)

updates: Updated ringgit performance and currency comparisons

Version 1.12 (2024-08-27 01:41:52.786000)

updates: Ringgit opens flat; interest rate cut anticipated

Version 1.11 (2024-08-26 04:45:50.315000)

updates: Ringgit recovery and economic support factors highlighted

Version 1.1 (2024-08-26 04:45:01.859000)

updates: Incorporated MIER's valuation and GDP growth forecast

Version 1.09 (2024-08-26 01:38:21.980000)

updates: Ringgit hits 28-month high; Fed rate cut expectations

Version 1.08 (2024-08-25 03:36:42.104000)

updates: Updated figures and forecasts for the ringgit

Version 1.07 (2024-08-24 02:35:07.234000)

updates: Updated projections for ringgit based on Fed hints

Version 1.06 (2024-08-23 12:47:53.499000)

updates: Updated ringgit performance and market insights

Version 1.05 (2024-08-21 03:36:05.745000)

updates: Updated ringgit performance and economic indicators

Version 1.04 (2024-08-19 07:35:10.372000)

updates: Ringgit reaches strongest level since February 2023

Version 1.03 (2024-08-17 03:05:40.967000)

updates: Ringgit expected to remain stable next week

Version 1.02 (2024-08-15 01:03:09.286000)

updates: Ringgit strengthens against US dollar ahead of GDP release

Version 1.01 (2024-08-13 01:09:40.515000)

updates: Ringgit opens flat against the greenback as investors await US CPI data

Version 1.0 (2024-08-12 02:03:09.751000)

updates: Ringgit strengthens as market anticipates Q2 GDP data release

Version 0.99 (2024-08-12 02:01:40.281000)

updates: Ringgit strengthens against US dollar, updated exchange rates

Version 0.98 (2024-08-11 02:02:08.326000)

updates: The ringgit is expected to continue its uptrend against the US dollar next week. Additional information about the ringgit's performance against other major currencies has been included.

Version 0.97 (2024-08-10 03:10:30.199000)

updates: Ringgit strengthens against US dollar, focus on GDP data release

Version 0.96 (2024-08-09 01:12:27.842000)

updates: Ringgit opens firmer against US dollar

Version 0.95 (2024-08-08 01:05:14.734000)

updates: Updates on ringgit's performance and market sentiment

Version 0.94 (2024-08-07 09:16:01.732000)

updates: Incorporated information about the Malaysian ringgit's recent surge and its impact on the currency's stability

Version 0.93 (2024-08-07 02:04:45.527000)

updates: Ringgit's marginal gains amid economic uncertainty

Version 0.92 (2024-08-05 12:21:01.827000)

updates: Ringgit continues to rally against the US dollar

Version 0.91 (2024-08-03 05:06:25.536000)

updates: Ringgit appreciates against USD, reaches highest level in almost a year

Version 0.9 (2024-08-03 01:09:23.226000)

updates: The ringgit is the best-performing Asian currency against the US dollar

Version 0.89 (2024-08-01 13:22:32.547000)

updates: The ringgit has continued its upward trajectory against the US dollar, reaching an 11-month high in a nine-day rally. The positive market reaction to the Federal Open Market Committee (FOMC) meeting statement contributed to the ringgit's performance. The FOMC maintained the Federal Funds Rate (FFR) at the 5.25-5.50 per cent target range. The anticipation for a US rate cut is gaining momentum, which is expected to narrow the interest rate differential between the FFR and overnight policy rate (OPR). Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that the ringgit's value has improved due to better prospects for the Malaysian currency. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan expects the strength of the US dollar to decline with the Fed's interest rate cuts, further supporting the appreciation of the ringgit. The ringgit also rose against other major and ASEAN currencies. The ringgit strengthened against the US dollar for nine straight days, reaching a near one-year high of 4.5675/5710. The ringgit's boost is attributed to political stability and global firms diversifying supply chains away from China. Other Asian currencies like the Taiwan dollar and South Korean won also showed gains. Lower inflation across Asia is prompting central banks to consider easing policies, with rate cuts predicted in countries like the Philippines, South Korea, India, and Taiwan. Emerging markets are performing well, with the MSCI International Emerging Markets Currency Index climbing 0.3% and stock indices in Bangkok, Manila, Seoul, and Jakarta rising. The US Federal Reserve's decision to keep interest rates steady aligns with a trend of easing monetary policies across Asia due to declining inflation. China's manufacturing sector faces challenges, while India's factory activity showed robust growth in July. These dynamics reflect shifting global supply chains and monetary policy adjustments, offering new opportunities and challenges for investors worldwide.

Version 0.88 (2024-08-01 10:09:37.901000)

updates: The new information highlights the reasons behind the ringgit's rally, including political stability, global supply chain diversification, and the weakening US dollar. It also mentions the performance of other Asian currencies and the trend of easing monetary policies across Asia. The story now provides a more comprehensive view of the factors influencing the ringgit's rise.

Version 0.87 (2024-08-01 03:10:37.914000)

updates: The ringgit's rally is expected to continue in the near term.

Version 0.86 (2024-08-01 02:03:28.467000)

updates: Ringgit's nine-day rally nears 11-month high

Version 0.85 (2024-08-01 01:06:53.993000)

updates: Ringgit's potential to appreciate against the US dollar

Version 0.84 (2024-07-31 02:00:58.162000)

updates: The ringgit opened firmer against the US dollar, hitting the RM4.61 level for a fresh seven-month high. Economists anticipate a further strengthening as investors await the outcome of the Federal Open Market Committee's (FOMC) two-day meeting later today. The decline in US Treasury yields indicates that more investors are expecting the Federal Reserve to cut interest rates soon. The ringgit is now traded in the region of RM4.61 and we foresee RM4.6099 to be the next support level. However, there are chances of profit-taking taking place after the FOMC meeting concludes. [1b24c93a]

Version 0.83 (2024-07-29 02:02:37.684000)

updates: Ringgit opens almost flat against US dollar, mixed against major currencies

Version 0.82 (2024-07-28 02:02:44.569000)

updates: Ringgit expected to extend gains on anticipation of US interest rate cut

Version 0.81 (2024-07-27 04:07:56.448000)

updates: The ringgit is expected to gain next week due to increasing market anticipation of a US interest rate cut.

Version 0.8 (2024-07-26 01:11:32.958000)

updates: Ringgit opens slightly lower against US dollar

Version 0.79 (2024-07-25 01:12:43.152000)

updates: Ringgit opens higher against the dollar, expected to gain firmer footing

Version 0.78 (2024-07-24 02:02:35.291000)

updates: The ringgit opened flat against the US dollar and mixed against other major currencies ahead of Malaysia's inflation announcement.

Version 0.77 (2024-07-23 02:03:12.596000)

updates: Updated information on ringgit's performance and exchange rates

Version 0.76 (2024-07-23 01:16:33.278000)

updates: Ringgit opens higher, stronger Q2 GDP, US Dollar Index falls

Version 0.75 (2024-07-21 02:05:36.847000)

updates: Includes predictions for ringgit's performance, mentions Malaysia's June CPI

Version 0.74 (2024-07-12 21:56:10.413000)

updates: Ringgit's recent surge due to US interest rate reversal

Version 0.73 (2024-07-12 13:54:33.433000)

updates: Ringgit's performance and factors contributing to its strength

Version 0.72 (2024-07-12 07:56:03.387000)

updates: Inclusion of information on the ringgit's appreciation due to emerging signs of weakness in the US job market and potential rate cuts, positive domestic factors, and Malaysia's economic prospects

Version 0.71 (2024-07-12 04:00:53.352000)

updates: Added information about Malaysia's economic prospects and government plans to cancel business licenses for foreign workers

Version 0.7 (2024-07-12 02:56:45.484000)

updates: Ringgit reaches six-month high against US dollar

Version 0.69 (2024-07-11 11:56:11.355000)

updates: Ringgit rallies to 4.6855 against the US dollar on impending rate cuts

Version 0.68 (2024-07-10 12:02:25.289000)

updates: Ringgit strengthens against US dollar on improved sentiment and expectations of Fed rate cut

Version 0.67 (2024-07-10 02:57:09.029000)

updates: The article provides the opening rate of the ringgit against the US dollar and mentions the stability of the exchange rate at the opening.

Version 0.66 (2024-07-09 11:55:24.303000)

updates: Ringgit closes slightly higher against US dollar on weaker US data

Version 0.65 (2024-07-09 02:56:24.431000)

updates: Ringgit opens slightly lower against the US dollar, supported by positive US economic data

Version 0.64 (2024-07-07 01:55:02.920000)

updates: Projection of ringgit's trading range next week

Version 0.63 (2024-07-06 04:54:34.189000)

updates: Ringgit's performance during early trading on Thursday and its closing performance on Thursday

Version 0.62 (2024-07-05 01:54:40.684000)

updates: The ringgit strengthened further against the US dollar

Version 0.61 (2024-07-04 11:59:19.033000)

updates: Ringgit's closing value against the greenback

Version 0.6 (2024-07-04 03:55:49.979000)

updates: Ringgit strengthens against the US dollar amid weak US economic data

Version 0.59 (2024-07-04 02:55:07.753000)

updates: The article highlights the impact of weaker US economic data on the ringgit

Version 0.58 (2024-07-03 01:55:00.580000)

updates: Ringgit opens higher ahead of key US economic data

Version 0.57 (2024-07-02 12:00:41.673000)

updates: The ringgit ended lower against the US dollar amid weaker US manufacturing sector

Version 0.56 (2024-07-02 03:00:53.549000)

updates: Ringgit opens lower against the US dollar but rises against other major currencies

Version 0.55 (2024-07-02 01:56:00.962000)

updates: The ringgit opened the week slightly stronger against the US dollar

Version 0.54 (2024-07-02 01:55:43.634000)

updates: Includes information on the ringgit's performance in June 2024 and MIDF Research's outlook for the ringgit's appreciation in the second half of 2024

Version 0.53 (2024-07-02 01:55:06.153000)

updates: Includes information on the ringgit's performance in June 2024 and MIDF Research's outlook for the ringgit's appreciation in the second half of 2024

Version 0.52 (2024-07-01 02:59:30.828000)

updates: Ringgit opens slightly stronger against the US dollar

Version 0.51 (2024-06-30 02:54:46.261000)

updates: Updated information on the projected trading range of the ringgit

Version 0.5 (2024-06-29 08:56:32.497000)

updates: Ringgit expected to remain bearish, lack of domestic catalysts

Version 0.49 (2024-06-28 04:55:07.681000)

updates: The Malaysian ringgit held steady within a tight range of 4.705 to 4.718 against the USD over the past week, influenced by mixed US economic data. The USD index (DXY) strengthened above 106.0 due to Euro and GBP depreciation amid French political uncertainty and expectations of a BoE rate cut. The market focus turns to the US core PCE data, anticipated at 0.1% MoM, which could reinforce dovish sentiments on Fed rate cuts in September. The upcoming US economic indicators, including manufacturing PMI, June jobs report, Fed Chair Powell’s speech, and FOMC minutes, are critical. FMC is optimistic about the ringgit’s near-term outlook and sees it as the top beneficiary of a Fed rate cut.

Version 0.48 (2024-06-28 02:55:50.399000)

updates: Ringgit's performance reflects cautious US sentiment

Version 0.47 (2024-06-25 01:54:01.398000)

updates: Ringgit opens higher, indicating volatility in currency performance

Version 0.46 (2024-06-21 03:55:05.836000)

updates: The ringgit opened weaker against the US dollar

Version 0.45 (2024-06-19 01:54:21.854000)

updates: Ringgit reported to be firmer against the US dollar in early trade

Version 0.44 (2024-06-18 03:54:07.897000)

updates: The ringgit is reported to be firmer against the US dollar in early trade

Version 0.43 (2024-06-14 01:54:13.412000)

updates: Ringgit opens lower against US dollar

Version 0.42 (2024-06-13 02:54:57.510000)

updates: Ringgit opens higher against US dollar as Fed leaves rates unchanged

Version 0.41 (2024-06-10 02:55:46.944000)

updates: Ringgit opens lower against US dollar

Version 0.4 (2024-06-06 02:52:59.971000)

updates: Ringgit opens marginally higher on mixed US economic signals

Version 0.39 (2024-06-06 01:55:42.112000)

updates: Ringgit opens slightly higher against US dollar amid mixed economic signals

Version 0.38 (2024-06-04 01:53:11.074000)

updates: Ringgit opens higher against the US dollar

Version 0.37 (2024-05-29 11:54:00.211000)

updates: Ringgit slips further due to upbeat US consumer sentiment

Version 0.36 (2024-05-24 01:56:07.378000)

updates: The article discusses the fall of the ringgit as hopes for a rate cut by the Federal Reserve diminish, which in turn supports the US dollar. The ringgit has weakened against the US dollar due to concerns about the global economic outlook and the ongoing US-China trade tensions. The Federal Reserve's decision to hold interest rates steady has led to a decline in expectations of a rate cut, which has strengthened the US dollar. The ringgit fell to its lowest level in three months against the US dollar, reaching 4.19. The decline in the ringgit has also been influenced by the strengthening of the US dollar against other major currencies.

Version 0.35 (2024-05-23 01:54:35.138000)

updates: Ringgit slips due to strong US dollar weighing on demand

Version 0.34 (2024-05-21 01:56:39.595000)

updates: Ringgit falls due to Fed officials' comments on rate cut

Version 0.33 (2024-05-20 01:53:40.663000)

updates: Positive outlook for the ringgit, factors driving its recovery

Version 0.32 (2024-05-20 01:52:58.414000)

updates: Ringgit stages rebound on prospects of US Federal Reserve rate cut

Version 0.31 (2024-05-13 00:53:53.967000)

updates: Ringgit's potential year-end appreciation and positive economic indicators

Version 0.3 (2024-05-11 09:53:37.694000)

updates: The article provides additional details on the factors influencing the ringgit's performance and the ongoing efforts to strengthen the currency.

Version 0.29 (2024-05-09 15:01:08.103000)

updates: The article provides additional details on the ringgit's performance against other currencies, Bank Negara Malaysia's intervention measures, and the positive near-term outlook for Malaysia.

Version 0.28 (2024-05-09 14:00:36.058000)

updates: Bank Negara Malaysia defends ringgit's assessment against US dollar

Version 0.27 (2024-05-05 05:53:16.290000)

updates: Ringgit's resilience and outperformance against regional currencies

Version 0.26 (2024-04-27 03:52:52.351000)

updates: Positive outlook for the ringgit in 2024

Version 0.25 (2024-04-26 02:54:44.577000)

updates: Ringgit retreat despite US dollar decline

Version 0.24 (2024-04-09 08:19:51.712000)

updates: Updates on the coordinated efforts to strengthen the ringgit and the assurance that BNM is not considering capital controls

Version 0.23 (2024-04-02 06:20:09.397000)

updates: The article provides information on the impact of economic data on the US dollar and the weakening of the ringgit at the opening

Version 0.22 (2024-03-29 03:19:57.725000)

updates: Ringgit weakens slightly against US dollar amid fading rate cuts narrative

Version 0.21 (2024-03-27 02:20:03.074000)

updates: The Malaysian ringgit has weakened due to a risk-off mood in the market, attributed to concerns over global economic growth and geopolitical tensions. Bank Negara Malaysia (BNM) has taken steps to safeguard the value of the currency. Unprecedented levels of foreign direct investment (FDI) have been observed in Malaysia in 2024, indicating economic resilience and growth potential. Howard Lee Chuan How has proposed suggestions to address the ringgit slide. The impact of the ringgit slide is being felt by Malaysians through rising costs [f4082ad7] [fca9dd81] [418ad9ec] [a3c9c8c8]

Version 0.2 (2024-03-20 03:30:07.372000)

updates: Bank Negara Malaysia's efforts to safeguard the value of the ringgit

Version 0.19 (2024-02-25 07:19:57.586000)

updates: Calls for Bank Negara Malaysia to establish a 'red line' for intervention

Version 0.18 (2024-02-25 05:20:46.372000)

updates: Integrates suggestions to address the ringgit slide

Version 0.17 (2024-02-23 00:18:32.057000)

updates: Discussion on the impact of weakening ringgit and declining returns on Malaysian bonds

Version 0.16 (2024-02-22 13:29:54.101000)

updates: Updated information on foreign outflows and BNM's international reserves

Version 0.15 (2024-02-22 04:20:46.525000)

updates: The near-term prospects for Malaysian sovereign bonds are bleak due to a weakening currency and dwindling hedged returns. Global funds sold RM2.5 billion of Malaysian bills in January, the largest outflow since September. Rising odds for a US Federal Reserve rate cut this year have led to increasing ringgit hedging costs for dollar-based investors. Dollar-ringgit forward points have risen, making it less attractive for a dollar-based investor to borrow ringgit in exchange for the US currency. Traders remain hawkish over rate expectations from BNM, with ringgit swaps pricing very little change in rate moves over the next 12 months.

Version 0.14 (2024-02-21 08:20:09.362000)

updates: Updates on the ringgit's performance and outlook, BNM's response to the currency's fall, economic growth prospects, inflation forecast

Version 0.13 (2024-02-21 07:24:11.948000)

updates: Bank Negara Governor highlights external factors influencing ringgit's performance

Version 0.12 (2024-02-21 00:17:38.474000)

updates: Economists are cautiously optimistic about the ringgit's outlook

Version 0.11 (2024-02-20 10:20:19.191000)

updates: Bank Negara governor's comments on ringgit's performance and Malaysian economy's outlook

Version 0.1 (2023-12-01 09:39:03.219000)

updates: Bank Negara Malaysia Governor expects the ringgit to recover once developed economies finish raising interest rates

Version 0.09 (2023-11-24 01:17:03.829000)

updates: Expectation of maintaining interest rate for rest of 2024

Version 0.08 (2023-11-24 00:06:39.335000)

updates: Inflation in Malaysia has been cooling, and the central bank is expected to maintain its key interest rate at the current level for an extended period. The benchmark interest rate has been unchanged at 1.75% since July 2022. The Malaysian economy is expected to rebound in 2023, driven by domestic demand and the recovery in global trade. The government has implemented various measures, including fiscal stimulus packages and infrastructure projects, to stimulate economic growth.

Version 0.07 (2023-11-02 08:31:24.395000)

updates: Title, story, and aboutness have been updated

Version 0.06 (2023-10-26 09:17:37.906000)

updates: The new narrative includes additional information about the global economic landscape, inflation, and the BoC's commitment to price stability.

Version 0.05 (2023-10-26 07:05:09.511000)

updates: The narrative has been updated with additional details and quotes from the new source.

Version 0.04 (2023-10-26 03:06:40.896000)

updates: Expanded information, added details about investor interest and personnel change

Version 0.03 (2023-10-26 02:10:41.411000)

updates: The original article provides additional information about investors' interest in Novo Nordisk's drugs and a recent appointment at Deloitte Financial Advisory.

Version 0.02 (2023-10-25 16:08:10.742000)

updates: Rephrased the title and added information about Novo Nordisk and Deloitte

Version 0.01 (2023-10-25 16:05:48.995000)

updates: Added information about the Bank of Canada's Monetary Policy Report

Version 0.0 (2023-10-25 15:05:49.494000)

updates: