BEIJING, July 14 — China does not seek to gain an international competitive edge through currency depreciation, said the People's Bank of China's (PBOC) deputy governor Zou Lan, reported Xinhua.
KUALA LUMPUR, June 25 — The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback.
KUALA LUMPUR, May 22 — The ringgit opened higher against the United States (US) dollar on Thursday as the greenback depreciated due to weaker US economic data recorded.
KUALA LUMPUR, May 14 — The ringgit closed firmer against the American dollar on Wednesday, supported by improved risk sentiment following a lower-than-expected United States (US) inflation reading and easing US Treasury yields.
KUALA LUMPUR, May 13 — The ringgit closed lower against the United States (US) dollar today as investors scaled back their expectations for the United States Federal Reserve (US Fed) to cut interest rates.
KUALA LUMPUR, May 10 — The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States (US) and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.
WASHINGTON, May 8 — United States (US) President Donald Trump's administration has imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.
WASHINGTON/BEIJING, May 7 — United States (US) Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.
WASHINGTON, April 28 — The United States (US) imposed sanctions on three vessels and their owners on Monday for delivering oil and gas products to Yemen's Houthis, as Washington continues to put pressure on the Iran-backed rebels over their attacks on Red Sea shipping.
BEIJING/WASHINGTON/LONDON, April 12 — Beijing increased its tariffs on United States (US) imports to 125 per cent on Friday, hitting back against President Donald Trump's decision to raise duties on Chinese goods and upping the stakes in a trade war that threatens to upend global supply chains.
BEIJING/BRUSSELS/WASHINGTON, April 9 — China and the European Union (EU) announced new trade barriers on United States (US) goods on Wednesday in response to steep duties imposed by US President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of recession.
WASHINGTON, March 20 — The United States today issued new Iran-related sanctions, targeting one individual and several entities including a Chinese “teapot” oil refinery for purchasing and processing Iranian crude oil, the Treasury Department website showed.
KUALA LUMPUR, March 20 — The ringgit opened higher against the United States (US) dollar after the US Federal Open Market Committee (FOMC) struck a dovish tone on inflation.
KUALA LUMPUR, Feb 27 — The ringgit weakened further against the United States (US) dollar amid mixed market sentiments following the US government’s preparations to impose 25 per cent tariffs on Canada and Mexico in early March.
KUALA LUMPUR, Jan 23 — The ringgit opened higher against the US dollar and other major currencies, buoyed by Bank Negara Malaysia's (BNM) Monetary Policy Committee’s announcement on the overnight policy rate (OPR).
WASHINGTON, Jan 17 — The International Monetary Fund (IMF) expects the global economy to grow by 3.3 per cent both in 2025 and 2026, lagging behind the 2000-2019 average of 3.7 per cent, according to the latest World Economic Outlook report published on Friday.
KUALA LUMPUR, Jan 3 — The ringgit extended its loss to close lower against the US dollar on Friday as robust US jobs data held the greenback at a near two-year high.
KUALA LUMPUR, Nov 29 — The ringgit closed marginally higher against the greenback in the month's final trading day, reflecting broader strength in some regional currencies.
KUALA LUMPUR, Nov 6 — The ringgit closed lower against the US dollar today, snapping two days of gains, as the US presidential election results poured in.
KUALA LUMPUR, Oct 16 — The ringgit appreciated against the US dollar and other major currencies at the close today, driven by positive sentiment ahead of the tabling of the national budget this Friday (October 18), said SPI Asset Management managing director Stephen Innes.
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