Markets remain wary of Fed’s response to PCE on Friday

KUALA LUMPUR, July 11 — The ringgit opened slightly lower against the US dollar today, supported by a slightly firmer US Dollar Index (DXY) and mixed signals from the US Federal Reserve (US Fed).

KUALA LUMPUR, June 30 — The ringgit extended last week's gains, opening stronger against the US dollar and a basket of major currencies, and supported by a softer US Dollar Index (DXY) amid expectations of tax and spending cuts being deliberated in the United States’ Senate.

KUALA LUMPUR, June 12 — The ringgit continues to strengthen against the greenback today, amid weaker United States economic data, an analyst said.

KUALA LUMPUR, June 10 — The ringgit opened slightly higher against the US dollar today amid caution about the outcome of trade talks between China and the United States.

KUALA LUMPUR, May 28 — The ringgit marginally depreciated against the US dollar on Wednesday, weighed down by a firmer greenback following an improvement in United States consumer confidence and persistent concerns over global tariff developments.

KUALA LUMPUR, May 21 — The ringgit opened stronger against the US dollar on Wednesday as the greenback weakened on a softer United States (US) economic outlook amid tariff concerns, an analyst said.

KUALA LUMPUR, May 20 — The ringgit opened marginally lower against the US dollar today as traders remained cautious ahead of a possible interest rate cut by the United States Federal Reserve (Fed), an analyst said.

KUALA LUMPUR, May 5 — The ringgit edged up slightly against the US dollar today, as a weaker greenback, weighed down by dovish sentiment from the United States (US) Federal Reserve (Fed) on interest rates and new trade developments related to China, supported the local currency, said an analyst.

KUALA LUMPUR, May 2 — The ringgit opened marginally higher against the greenback today, trading with a wider spread amid lingering uncertainty over global tariffs and weak US economic data, an economist said.

KUALA LUMPUR, April 28 — The ringgit opened little changed against the greenback today, as the US Dollar Index (DXY) ended a four-week losing streak after recent weakness below the 100-point mark.

KUALA LUMPUR, April 18 — The ringgit strengthened against the US dollar at the opening today, as the US Dollar Index (DXY) continued to hover below the 100-point mark amid persistent uncertainty over the US-China trade tensions.

KUALA LUMPUR, April 14 — The ringgit extended its gains to open higher against the US dollar today, as the greenback weakened to a fresh three-year low amid escalating US-China trade tensions.

KUALA LUMPUR, March 12 — The ringgit strengthened against the US dollar in early trade today as the US Dollar Index (DXY) eased to 103.419 points from 103.900 points previously, despite stronger-than-expected US job openings, an economist said.

KUALA LUMPUR, Feb 19 — The ringgit was slightly higher against the US dollar in early trade amid a higher US Dollar Index (DXY) coupled with gains in US Treasury bonds, said an analyst.

KUALA LUMPUR, Feb 7 — The ringgit opened slightly higher against the US dollar at opening trade as the US Federal Reserve (Fed) does not seem inclined to reduce rates in the near term, said an analyst.

KUALA LUMPUR, Feb 5 — The ringgit opened higher against the US dollar at today’s opening as the US Dollar Index (DXY) fell further with the US labour market indicating a weaker outlook, an analyst said.

KUALA LUMPUR, Feb 3 — The ringgit opened slightly lower against the US dollar due to the rise in the US Dollar Index (DXY) after President Donald Trump issued an executive order to raise import tariffs, said an analyst.

KUALA LUMPUR, Jan 28 — The ringgit opened slightly higher against the US dollar and other major currencies ahead of the two-day US Federal Open Market Committee (FOMC) meeting, which starts today, and a holiday-shortened week, an analyst said.

KUALA LUMPUR, Jan 13 — The ringgit opened lower against the US dollar in early trade as the greenback strengthened, supported by improvements in the US labour market and a robust economy, an analyst said.