BNM likely to maintain OPR at 2.75 per cent as optimism mounts over potential US Federal Reserve rate cut next month

Dollar's value may be boosted if US PCE's inflation is higher than expected, says analyst

US PCE inflation report tomorrow may affect ringgit's position, says analyst

KUALA LUMPUR, June 21 — The ringgit is expected to stay defensive within a tight range next week, as traders and investors will continue to observe the military conflict in the Middle East.

KUALA LUMPUR, June 19 — The ringgit continued to end lower against the greenback on Wednesday, weighed down by emerging concerns over the global financial outlook.

KUALA LUMPUR, March 28 — The ringgit ended marginally lower against the United States (US) dollar on Friday, ahead of the US Personal Consumption Expenditures (PCE) price index data for February, which is due today.

KUALA LUMPUR, Aug 29 — The ringgit continued to open on a better note this morning, benefiting from a spillover effect driven by foreign investors' interest in the local bourse.

KUALA LUMPUR, June 26 — The ringgit ended lower against the US dollar today, as concerns about a potentially hawkish United States Federal Reserve (US Fed) stance bolstered the greenback.

KUALA LUMPUR, May 31 — The ringgit retreated to end the week marginally lower against the US dollar as the latter held steady ahead of the key United States (US) inflation data due to be released later today.

KUALA LUMPUR, April 26 — The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight.

KUALA LUMPUR, April 25 — The ringgit extended its downward trend as the US dollar remained elevated while market players await the release of the United States’ first-quarter (1Q) gross domestic product (GDP) data later today, as well as the March Personal Consumption Expenditures (PCE) data tomorrow.

KUALA LUMPUR, April 23 — The ringgit lost ground slightly against the US dollar as the market awaits more macro data releases this week, including the US advance gross domestic product (GDP) for the first quarter and March Personal Consumption Expenditures (PCE) data to gauge the future interest rate outlook.

KUALA LUMPUR, March 29 — The ringgit opened softer against the US dollar on Friday on rising bets that the United States (US) might delay its rate cuts based on recent economic data.

KUALA LUMPUR, March 27 — The ringgit retreated versus the US dollar in early trade today as risk-off mood emerged ahead of the US Personal Consumption Expenditures (PCE) price index data — the Federal Open Market Committee’s preferred inflation gauge — on Friday.

KUALA LUMPUR, March 1 — The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has firmly said the ringgit is undervalued.

KUALA LUMPUR, Feb 29 —The ringgit ended higher against the US dollar on Thursday, spurred by Bank Negara Malaysia’s comments on its valuation.

KUALA LUMPUR, Feb 29 — The ringgit rebounded to open higher against the US dollar ahead of the release of the US inflation report later today.

KUALA LUMPUR, Feb 28 — The ringgit and most of its regional peers were traded lower on Wednesday as the US dollar gained across the board ahead of US inflation data release this week.

KUALA LUMPUR, Feb 28 — The ringgit was slightly higher against the US dollar at the start of trading today and also rose versus a basket of other major currencies as well as Asean currencies on positive sentiment following Bank Negara Malaysia's (BNM) statement on the local note’s valuation.

KUALA LUMPUR, Jan 26 — The ringgit closed the week stronger against the US dollar, buoyed by positive sentiment that China will continue to support its economy along with other regional currencies, according to an analyst.