KUALA LUMPUR, Sept 14 (Bernama) — The ringgit appreciated against most major and ASEAN currencies at Monday’s close, although it declined against the US dollar. This fluctuation occurred amid rising Brent crude prices, as markets anticipated the upcoming Federal Open Market Committee (FOMC) and Bank of Japan (BOJ) meetings, said an analyst. At 6 pm, the local currency depreciated to 4.0735/0770 against the greenback from last Friday’s close of 4.0685/0725. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said Brent crude oil prices are currently hovering at around US$107 per barrel, adding to inflationary pressures as markets […]

KUALA LUMPUR, Sept 11 (Bernama) — The ringgit appreciated against most major and regional currencies on Friday, although it declined against the US dollar. This move was influenced by rising crude oil prices and expectations of a potential interest rate hike by the United States Federal Reserve (Fed), which bolstered the greenback. At 6 pm, the local currency depreciated to 4.0685/0725 against the greenback from Thursday’s close of 4.0630/0670. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said external developments, particularly the sharp rise in crude oil prices, following the intensification of the conflict involving the US, […]

KUALA LUMPUR, Sept 10 (Bernama) –The ringgit held steady against the US dollar at Thursday’s opening as investors awaited the release of US consumer price index (CPI) data on Friday. At 8 am, the local currency was unchanged at 4.0670/0720 against the greenback from Wednesday’s close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US CPI data would influence expectations for the United States Federal Reserve’s interest rate path and could weigh on market sentiment. “There seems to be less catalyst for a stronger ringgit, especially as traders will be watching the US CPI print […]

KUALA LUMPUR, Sept 9 (Bernama) — The ringgit ended easier against the US dollar on Wednesday, as market sentiment remained cautious amid an evolving outlook in West Asia, said an economist. At 6 pm, the local currency eased to 4.0670/0720 against the greenback from Tuesday’s close of 4.0605/0640. Bank Muamalat Malaysia Bhd chief economist Dr …

KUALA LUMPUR, Aug 26 (Bernama) — The ringgit ended higher against the greenback on Wednesday, supported by softer US Treasury yields ahead of the US Federal Reserve’s (Fed) Jackson Hole symposium. At 6 pm, the ringgit rose to 4.0240/0280 against the US dollar from Monday’s close of 4.0405/0440. The market was closed on Tuesday in conjunction with Prophet Muhammad’s birthday. Quintex Intel global strategist Stephen Innes said softer US Treasury yields had pushed the ringgit up by nearly half a per cent ahead of a major US risk event. “The flow data support that view, with Bank Negara figures showing […]

KUALA LUMPUR, Aug 26 (Bernama) — The ringgit opened higher against the US dollar on Wednesday, supported by a softer greenback and easing US Treasury yields, said an analyst. At 8.04 am, the local currency edged up to 4.0380/0445 against the greenback from Monday’s close of 4.0405/0440. The market was closed on Tuesday in conjunction …

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KUALA LUMPUR, Aug 18 (Bernama) — The ringgit extended its gains to close higher against major and regional currencies on Tuesday, as declining expectations of a US Federal Reserve interest rate hike in September weighed on the greenback. At 6 pm, the ringgit rose to 4.0575/0615 against the US dollar from Monday’s close of 4.0585/0630. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said lower odds of a rate hike at the September Federal Open Market Committee (FOMC) meeting remained the key driver of the ringgit’s appreciation, alongside positive sentiment towards the Malaysian economy. Finance Minister II […]

Yesterday Recap EURTHB closed at 38.27. The Thai baht remained supported by stronger-than-expected Thailand Q2 GDP growth, while the EUR continued to strengthen against the USD. As a result, EURTHB traded within a range, influenced by both the direction of the Thai baht and the euro. Fundamental Analysis – 18 Aug 2026 EURTHB is expected to trade in a range to volatile manner, with its main direction influenced by USDTHB. Today, the market will focus on Germany’s ZEW Economic Sentiment, expected at 30.0, up from 26.3, and the Eurozone ZEW Economic Sentiment, expected at 25.4, up from 23.4. Markets will also monitor comments from ECB Executive Board member Philip Lane for further clues on the EUR outlook. Stronger-than-expected ZEW data could support the EUR. However, if USDTHB declines due to continued support for the Thai baht, this could put downward pressure on EURTHB even if the EUR receives support from stronger European data. Technical Analysis Bias: Sideway EURTHB is expected to remain range-bound, with the price currently trading around 38.21–38.28. After declining from the upper zone, the pair has started to form a base near support, suggesting that it remains in a consolidation phase while waiting for a clearer directional signal. If the price can hold above 38.21, EURTHB may rebound to test the 38.28 resistance, which coincides with an FVG and a key resistance zone. A break above this level could open the way toward 38.30–38.32. Conversely, a clear break below 38.21 would be a bearish signal and could lead to further downside. Resistance: 38.28 / 38.32 Support: 38.21 Target: 38.21 (downside bias) Cut Loss: 38.29

India's central bank, the Reserve Bank of India (RBI), has moved forward the expiration of its foreign exchange swap incentive mechanism by 30 days to August 31, 2026.

KUALA LUMPUR, Aug 4 (Bernama) — The ringgit ended lower against the US dollar although it strengthened versus other major currencies on Tuesday, as the greenback remained supported by stronger-than-expected US manufacturing data. At 6 pm, the local currency eased against the greenback to 4.0945/0985 from Monday’s close of 4.0935/0975. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar is likely to remain well supported as positive economic data from the United States reinforces confidence in the strength of the US economy. “The US Dollar Index (DXY) surpassed the 100-point mark again after the […]

KUALA LUMPUR, July 24 (Bernama) — The ringgit opened higher against most major currencies on Friday but eased against the US dollar as markets turned risk-off, with crude oil prices continuing to climb and the Trump administration stepping up its trade protectionist policies. At 8.01 am, the local currency was at 4.0925/0980 versus the greenback, compared with 4.0870/0910 at yesterday’s close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said United States President Donald Trump has announced additional import tariffs of between 10 per cent and 12.5 per cent on 60 economies, including Malaysia, citing forced labour […]

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KUALA LUMPUR, July 13 (Bernama) — The ringgit ended higher against major and regional currencies, including the US dollar, on Monday amid continued geopolitical uncertainties in West Asia. At 6 pm, the local currency edged up to 4.0680/0730 versus the greenback from 4.0695/0745 at last Friday’s close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said investors continued to assess uncertainties surrounding the United States-Iran ceasefire and the free flow of vessels through the Strait of Hormuz. He said crude oil prices remained elevated, with West Texas Intermediate and Brent crude trading at US$73.02 and US$77.80 per […]