Latest news with #DXY
Barnama
9 hours ago
- Business
- Barnama
Ringgit Almost Flat Vs US Dollar Amid Ongoing Middle East Conflict
Ringgit Almost Flat Vs US Dollar Amid Ongoing Middle East Conflict By Siti Noor Afera Abu KUALA LUMPUR, June 17 (Bernama) -- The ringgit ended nearly flat against the US dollar on Tuesday as investors stayed cautious amid the ongoing military conflict in the Middle East. At 6 pm, the local note stood at 4.2390/2475 versus the greenback compared to yesterday's close of 4.2370/2450. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit-greenback pair continued to trade sideways during the day. He said similarly, the US Dollar Index (DXY) remained below 100 points while Brent crude oil prices fell 0.46 per cent to US$72.89 per barrel. He explained that although geopolitical risks have increased, the impact on financial markets remains relatively manageable, at least for the time being. 'The Middle East situation will continue to be on traders' and investors' radar in the immediate term,' he told Bernama. Looking ahead, Mohd Afzanizam said the US Federal Reserve's future monetary policy decisions would also be influenced by tariff-related shocks. At the close, the ringgit traded higher against a basket of major currencies. It rose versus the Japanese yen to 2.9271/9332 from 2.9397/9455 at Monday's close, strengthened against the British pound to 5.7413/7528 from 5.7555/7664 yesterday, and increased vis-à-vis the euro to 4.8986/9084 from 4.9077/9170 previously. The ringgit was also stronger against its ASEAN peers. It edged up versus the Indonesian rupiah to 260.2/260.8 from 260.4/261.2 on Monday and rose against the Philippine peso to 7.48/7.49 from 7.51/7.53 yesterday. The local currency also gained against the Singapore dollar to 3.3068/3137 from 3.3102/3167 at the previous close and firmed vis-a-vis the Thai baht to 13.0114/0443 from 13.0389/0696 previously. -- BERNAMA
BusinessToday
9 hours ago
- Business
- BusinessToday
Ringgit Edges Up Against Greenback Despite Global Jitters
The ringgit opened stronger against the US dollar on Friday, even as investors remained cautious amid escalating tensions in the Middle East. At 8am, the local note stood at RM4.2490/2700 versus the greenback, appreciating from Thursday's close of RM4.2590/2625. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid attributed the gains to a slight pullback in the US Dollar Index (DXY), which stayed below the 100-point level. 'This signals that traders may be rotating into other major currencies or alternative asset classes for safety,' he told local media. Nevertheless, he warned that the ringgit may stay under pressure in the near term given persistent global uncertainties. 'Market sentiment is expected to remain cautious as traders closely monitor the Israel-Iran conflict and the US' potential response,' he said. In broader trading, the ringgit was mostly lower against major currencies. It slipped against the British pound to RM5.7264/7547 from RM5.7164/7211 and eased against the euro at RM4.8910/9152 compared to RM4.8868/8908. It, however, firmed slightly versus the Japanese yen at RM2.9257/9404 from RM2.9286/9312. Regionally, the ringgit posted gains across most ASEAN currencies. It rose to RM3.3051/3219 against the Singapore dollar from RM3.3072/3102, and to RM12.9883/13.0593 versus the Thai baht from RM12.9966/13.0513. The local unit also strengthened against the Indonesian rupiah at 258.9/260.3 and the Philippine peso at 7.39/7.44. Related
The Star
9 hours ago
- Business
- The Star
Ringgit opens higher against US$ in cautious mode
KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as investors remained in cautious mode amid the escalating conflict in the Middle East, said an analyst. At 8 am, the local note rose to 4.2490/2700 against the greenback from yesterday's close of 4.2590/2625. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiment will likely be cautious as traders and investors watch the evolving Israel-Iran conflict, while the US is considering its response to the currency pressures. "Still, the US Dollar Index (DXY) hovering below 100 points signals that traders may be going to different major currencies or asset classes to seek protection,' he told Bernama. However, in light of the heightened uncertainties, Mohd Afzanizam said the ringgit could remain weak in the near term. At the opening, the ringgit traded mostly lower against a basket of major currencies. It declined versus the British pound to 5.7264/7547 from 5.7164/7211 at Thursday's close and fell against the euro to 4.8910/9152 from 4.8868/8908 previously. However, it was slightly higher against the Japanese yen at 2.9257/9404 from 2.9286/9312 previously. Conversely, the local note trended higher against its ASEAN counterparts. It appreciated against the Singapore dollar to 3.3051/3219 from 3.3072/3102 at yesterday's close, climbed to 12.9883/13.0593 from 12.9966/13.0513 versus the Thai baht, inched up vis-a-vis the Indonesian rupiah to 258.9/260.3 from 259.5/259.9 and gained against the Philippine peso to 7.39/7.44 from 7.41/7.42. - Bernama
Daily Express
11 hours ago
- Business
- Daily Express
Ringgit opens higher against US dollar on cautious mode
Published on: Friday, June 20, 2025 Published on: Fri, Jun 20, 2025 By: Bernama Text Size: At 8 am, the local note rose to 4.2490/2700 against the greenback from yesterday's close of 4.2590/2625. Kuala Lumpur: The ringgit opened higher against the US dollar on Friday as investors remained in cautious mode amid the escalating conflict in the Middle East, said an analyst. At 8 am, the local note rose to 4.2490/2700 against the greenback from yesterday's close of 4.2590/2625. Advertisement Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiment will likely be cautious as traders and investors watch the evolving Israel-Iran conflict, while the US is considering its response to the currency pressures. 'Still, the US Dollar Index (DXY) hovering below 100 points signals that traders may be going to different major currencies or asset classes to seek protection,' he told Bernama. However, in light of the heightened uncertainties, Mohd Afzanizam said the ringgit could remain weak in the near term. At the opening, the ringgit traded mostly lower against a basket of major currencies. Advertisement It declined versus the British pound to 5.7264/7547 from 5.7164/7211 at Thursday's close and fell against the euro to 4.8910/9152 from 4.8868/8908 previously. However, it was slightly higher against the Japanese yen at 2.9257/9404 from 2.9286/9312 previously. Conversely, the local note trended higher against its ASEAN counterparts. It appreciated against the Singapore dollar to 3.3051/3219 from 3.3072/3102 at yesterday's close, climbed to 12.9883/13.0593 from 12.9966/13.0513 versus the Thai baht, inched up vis-a-vis the Indonesian rupiah to 258.9/260.3 from 259.5/259.9 and gained against the Philippine peso to 7.39/7.44 from 7.41/7.42. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
12 hours ago
- Business
- The Sun
Ringgit opens higher against US dollar, trading on cautious mode
KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as investors remained in cautious mode amid the escalating conflict in the Middle East, said an analyst. At 8 am, the local note rose to 4.2490/2700 against the greenback from yesterday's close of 4.2590/2625. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiment will likely be cautious as traders and investors watch the evolving Israel-Iran conflict, while the US is considering its response to the currency pressures. 'Still, the US Dollar Index (DXY) hovering below 100 points signals that traders may be going to different major currencies or asset classes to seek protection,' he told Bernama. However, in light of the heightened uncertainties, Mohd Afzanizam said the ringgit could remain weak in the near term. At the opening, the ringgit traded mostly lower against a basket of major currencies. It declined versus the British pound to 5.7264/7547 from 5.7164/7211 at Thursday's close and fell against the euro to 4.8910/9152 from 4.8868/8908 previously. However, it was slightly higher against the Japanese yen at 2.9257/9404 from 2.9286/9312 previously. Conversely, the local note trended higher against its ASEAN counterparts. It appreciated against the Singapore dollar to 3.3051/3219 from 3.3072/3102 at yesterday's close, climbed to 12.9883/13.0593 from 12.9966/13.0513 versus the Thai baht, inched up vis-a-vis the Indonesian rupiah to 258.9/260.3 from 259.5/259.9 and gained against the Philippine peso to 7.39/7.44 from 7.41/7.42.
