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, March 3 — The ringgit closed lower against the United States (US) dollar on Monday as the forex market tiptoes into the week on high alert, stuck in a “wait and see” mode, as traders hedge their bets ahead of Donald Trump’s tariff D-Day tomorrow.
KUALA LUMPUR, Oct 15 — The ringgit depreciated against the US dollar at the close on Tuesday amid a sharp fall in the price of oil and on continued expectations of a smaller cut in US interest rates going forward.
KUALA LUMPUR, Aug 21 — The ringgit ended flat against the US dollar today with the local note tracking the Chinese yuan’s weakness as China’s latest stimulus measures fell below expectations, said an analyst.
KUALA LUMPUR, July 20 — The ringgit ended easier against the US dollar today, bucking the regional trend impacted by the slide in oil prices and moderating trade data released at noon, said an analyst.
KUALA LUMPUR, March 12 — The ringgit opened slightly lower against the US dollar Friday despite closing 200 basis points (bps) better Thursday, tracking the emerging market currency movement due improved risk appetite for the Chinese yuan and an easier greenback.
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