USD/MYR — News Archive

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Malaysian Ringgit Recovers After Touching Four-Month Low

The Malaysian ringgit touched the lowest level in four months today but has managed to recover by now.

Malaysian Ringgit Falls After Election

The Malaysian ringgit fell against the US dollar today after the surprise outcome of the country’s general election.

Malaysian Ringgit Gains Following Oil Production Cuts Extension

The Malaysian ringgit logged gains today following the announcement of an oil production cuts extension from the members of the Organization of Petroleum Exporting Countries and some non-OPEC producers, including Russia.

Ringgit Falls vs. Dollar Despite Favorable Market Sentiment

The Malaysian ringgit fell against the US dollar together with most other Asian currencies (with the exception of the Taiwan dollar) even though the market sentiment was favorable to riskier assets.

Ringgit Higher After Malaysian Central Bank Decreases SRR

The Malaysian ringgit gained against the US dollar today after the nation’s central bank kept interest rates steady and decreased its reserve requirements ratio.

Malaysian Ringgit Suffers from Risk-Negative Sentiment on FX Market

The Malaysian ringgit fell against the US dollar today as concerns about the slowing global growth drove Forex market participants away from risk-geared currencies.

Malaysian Ringgit Leads Drop of Asian Currencies

There have been plenty of reasons for the riskier Asian currencies to drop including concerns about the eurozone and Greece in particular, the rally of the US dollar and the decline of Asian bonds. The Malaysian ringgit has led the drop.

Malaysian Ringgit Dragged Down by Oil Prices & Strong Dollar

The Malaysian ringgit dropped against the US dollar today as a drop of crude oil prices should reduce trading revenue of Malaysia — a net oil exporter. Additionally, the greenback was strong on its own right.

Malaysian Ringgit Gains After Excessive Losses

The Malaysian ringgit gained today, demonstrating the biggest gain in a week, following its previous losses. The most likely reason for the rally is that the market considered the previous decline excessive.

Malaysian Ringgit Suffers from Lower Oil Prices

The Malaysian ringgit dropped for the third straight session today on concerns that the drop of oil prices will hurt the trade balance of the oil-exporting country.

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