Tag: Currency Market
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Ringgit slips as Fed holds rates, USD gains momentum
Ringgit weakens after Fed decision supports the greenback The ringgit closed lower against the US dollar after the United States Federal Reserve decided to hold rates steady, reinforcing expectations of a stronger dollar and guiding traders’ risk sentiment. In late trading, the local currency traded around the 3.93 per dollar level, reflecting a broader trend…
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Ringgit Climbs to Fresh 7-Year High Against the Dollar as Trading Week Opens
Ringgit closes at fresh 7-year peak against the dollar The Malaysian ringgit closed the trading session at its strongest level in seven years, finishing at around 3.9500/3.9555 per U.S. dollar, from 3.9615/3.9670 at yesterday’s close. This marks the highest closing level since the ringgit touched 3.9480 in May 2018, signaling renewed investor confidence in Malaysia’s…
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Ringgit Climbs to Seven-Year High on AI Growth Optimism in Malaysia
Malaysia’s Ringgit Hits Seven-Year Peak amid AI and Growth Optimism The Malaysian ringgit surged to its strongest level in more than seven years as investors grew increasingly confident in the country’s economic trajectory, fueled by optimism over the artificial intelligence (AI) supply chain and a solid growth outlook. The currency traded higher against major peers,…
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Market Braces for Possible Yen Intervention After Takaichi Warning
Markets on High Alert as Takaichi Signals Potential Yen Intervention Markets started the week with heightened nerves as speculation grew that the Japanese government could intervene to halt the yen’s latest slide. With Prime Minister Sanae Takaichi publicly warning about abnormal moves, traders intensified bets on possible policy action, and some even floated the prospect…
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Rupee Sinks to 91.28 Against USD in Early Trade Amid Broad Dollar Demand
Rupee Falls to New Lows in Early Trade The Indian rupee extended its depreciation streak, slipping 31 paise in early trade to reach 91.28 against the US dollar. The move marks another fresh low for the local currency, underscoring ongoing pressure from a firm dollar and global risk-off sentiment that has weighed on emerging market…
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Singaporean Politician Jokes for Anwar as Ringgit Strengthens Against Singapore Dollar
Light banter as ringgit strengthens The Malaysian political scene caught a moment of lighthearted exchange after reports indicated the ringgit was gaining ground against the Singapore dollar. A Singaporean politician reportedly told Prime Minister Datuk Seri Anwar Ibrahim to “lepak” (chill) a bit in response to the currency move, turning a routine economic update into…
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Rupee Faces Tough Week on Venezuela Crisis as US Actions Loom
Rupee in the crosshairs of Venezuela crisis and US policy moves The Indian rupee is set to navigate a potentially turbulent week as geopolitical tensions surrounding Venezuela intensify and the possibility of further U.S. action looms. Market participants are watching oil prices, risk sentiment, and cross-border capital flows closely, with the rupee likely to remain…
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Rupee to Mark Time as Traders Eye New Year Flows
Overview: Markets Await New Year Flows The Indian rupee is expected to open largely flat on Friday, as traders adopt a cautious stance while awaiting New Year flow dynamics. After a year characterized by heavy central bank intervention and persistent dollar demand, participants are searching for clarity on the direction of the currency in the…
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Ringgit Opens Higher on Last Trading Day of 2025 as Fed Outlook Caps Upside
Ringgit Edges Higher on Year-End Trading Day The Malaysian ringgit extended its gain against the U.S. dollar on the final trading day of 2025, with early trade showing the local currency slightly stronger as global risk sentiment steadies and traders digest the latest Federal Reserve signals. At 8:00 a.m. local time, the ringgit traded near…
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PKR Extends 67th Day of Gains Against USD as Rupee Climbs vs Major Currencies
Overview: PKR Extends Winning Streak Against USD The Pakistani rupee (PKR) continued its surprising strength against the United States dollar (USD), marking the 67th consecutive day of gains in late trading on Friday. Investors cheered a combination of improving domestic macro signals, cautious optimism about IMF program progress, and a generally softer greenback, helping the…