Latest news with #MohdAfzanizam
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.
New Straits Times
13 hours ago
- Business
- New Straits Times
Ringgit opens higher against US dollar 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.
Malay Mail
13 hours ago
- Business
- Malay Mail
Ringgit rises in uncertain waters as markets eye Iran-Israel tensions
KUALA LUMPUR, June 20 — 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
