Ringgit Poised To See Profit-taking After This Week's Strong Rally
By Zufazlin Baharuddin
KUALA LUMPUR, Aug 22 (Bernama) -- The ringgit is expected to experience profit-taking next week following its strong rally over the last six trading days.
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By Zufazlin Baharuddin
KUALA LUMPUR, Aug 22 (Bernama) -- The ringgit is expected to experience profit-taking next week following its strong rally over the last six trading days.
KUALA LUMPUR, Aug 21 (Bernama) -- The ringgit opened higher against most major currencies but eased slightly against the US dollar on Friday as investors turned cautious amid escalating tensions between the United States (US) and Iran, an economist said.
By Engku Shariful Azni Engku Ab Latif & Abdul Hamid A Rahman
KUALA LUMPUR, Aug 15 (Bernama) -- Bursa Malaysia is expected to trade with an upside bias next week but within the narrow range of 1,740-1,750 points.
By K. Naveen Prabu
KUALA LUMPUR, Aug 14 (Bernama) -- The rubber market ended lower on Friday, weighed down by a slightly stronger ringgit against the US dollar, a dealer said.
NAGOYA (Japan), Aug 13 (Bernama-Kyodo) -- Toyota Motor Corp.'s top executive vowed to strengthen its "earning power," with the industry facing headwinds from US tariffs and the prolonged conflict in the West Asia, Kyodo News reported.
KUALA LUMPUR, Aug 11 (Bernama) -- The ringgit opened mixed against a basket of major currencies on Tuesday, while the US dollar strengthened amid elevated crude oil prices following the reopening of the Strait of Hormuz.
KUALA LUMPUR, Aug 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a profit-taking bias next week as the war between the United States (US) and Iran appears to be cooling.
By Karina Imran
KUALA LUMPUR, Aug 7 (Bernama) -- Bursa Malaysia finished the week on a softer note, weighed down by profit-taking after the recent rally, in line with cautious sentiment across regional markets, said an analyst.
KUALA LUMPUR, Aug 7 (Bernama) -- Bursa Malaysia opened lower on Friday, with buying interspersed with selling in selected heavyweights amid overnight losses on Wall Street, following rising crude oil prices, said an analyst.
KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit opened mostly higher against other major currencies, and was almost unchanged versus the US dollar, as escalating global tensions capped gains in the greenback ahead of the release of the United States’ non-farm payrolls (NFP) data.
KUALA LUMPUR, Aug 5 (Bernama) -- The East Asian liquefied natural gas (LNG) price for October delivery edged up 0.4 per cent week-on-week to US$20.4 per million British thermal units (MMBtu) on Aug 3, as geopolitical risk and extreme heat continued to support spot demand, according to Rystad Energy.
KUALA LUMPUR, Aug 5 (Bernama) -- Bursa Malaysia opened slightly higher on Wednesday, tracking overnight gains on Wall Street amid optimism over a possible agreement between the United States (US) and Iran to reopen the Strait of Hormuz, an analyst said.