Tag: Forex
-
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…
-
Ringgit Dips Against US Dollar After Fed Keeps Rates Steady
Fed Maintains Rates, Upholds Stronger U.S. Currency The global financial landscape shifted modestly as the United States Federal Reserve decided to hold its benchmark interest rate steady, citing continued evidence of a gradual economic slowdown and controlled inflation. The decision, broadly expected by markets, reinforced expectations that the U.S. central bank will maintain a tighter…
-
Ringgit slips as Fed holds rates, dollar gains ground
Ringgit retreats after Fed decision boosts dollar The Malaysian ringgit finished lower against the US dollar on Tuesday after the United States Federal Reserve decided to hold rates, renewing demand for the greenback. Traders cited a cautious appetite across global markets as investors digest the central bank’s stance and its implications for interest rate trajectories…
-
Gold climbs to fresh highs ahead of Fed decision
Gold extends gains as Fed decision looms Gold prices surged again on Wednesday, with XAU/USD scaling new all-time peaks in the early European session. Bulls are pushing to extend an eight-day winning streak beyond the key $5,300 level, underscoring persistent demand for bullion as uncertainty swirls around the Federal Reserve’s upcoming policy decision. As traders…
-
Gold and Silver Price Forecast: Can Fed Fuel the Next Leg Up?
Market Overview: Gold Surges Amid Dollar Weakness and Geopolitics Gold (XAU/USD) has extended its bullish run, staying comfortably above the $5,240 level and pushing toward a new record near $5,247. The move has been driven by a softer U.S. dollar and persistent geopolitical tensions, which continue to spark demand for safe-haven assets. As traders digest…
-
US Dollar Slides to Four-Year Low as Trump Brushes Off Currency Decline; Singdollar Hits Fresh 11-Year High
Market Overview: The Dollar’s Decline Deepens The U.S. dollar extended its four-day retreat, slipping to its lowest level since early 2022 as traders weighed policy signals, inflation expectations, and political rhetoric. The broad weakness across major currencies reflects growing concerns about U.S. interest-rate trajectories and the impact of global economic uncertainty on demand for the…
-
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…
-
Ringgit Climbs to Fresh 7-Year High Against the Dollar as Malaysian Economy Gains Momentum
Malaysian Ringgit Hits Fresh 7-Year High Against the Dollar The Malaysian ringgit finished the trading day at a surprising strength, closing at 3.9500/3.9555 per US dollar, up from yesterday’s 3.9615/3.9670 close. This marks the strongest closing level since May 2018, when the currency touched 3.9480 per dollar. Traders and economists are watching the pace of…
-
Ringgit Climbs to Fresh 7-Year High Against the Dollar
Ringgit closes at a fresh 7-year high against the dollar The Malaysian ringgit firmed to a fresh seven-year high against the U.S. dollar by the end of trading on Thursday, signaling renewed investor confidence in Malaysia’s economy and a shift in global dollar dynamics. At 6pm, the local currency traded at 3.9500/3.9555 per dollar, improving…
-
Ringgit Surges to Seven-Year Peak on AI and Growth Optimism in Malaysia
Malaysia’s Ringgit Reaches Seven-Year High The Malaysian ringgit rose to its strongest level in more than seven years, fueled by renewed optimism about the country’s role in the artificial intelligence (AI) supply chain and an improving growth outlook. Traders cited a combination of domestic policy signals, a brighter export outlook, and the view that Malaysia…