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Malaysian Ringgit Retains Losses After ECB Surprise
Most risky currencies fell yesterday after the surprise interest rate cut from the European Central Bank, and the Malaysian ringgit was among them. Today, the Forex market is still shaken, meaning that...
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Malaysian Central Bank Keeps Rates on Hold, Ringgit Drops
The Malaysian ringgit fell today, heading to the biggest weekly drop since August, after the nation’s central bank refrained from changing its monetary policy and kept the benchmark Overnight Policy...
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Ringgit Profits from Fed Minutes
The Malaysian ringgit, as well as most other currencies, continued to gain against the US dollar at today’s trading session after yesterday’s policy minutes from the Federal Reserve hurt the appeal of...
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Ringgit Heads to Biggest Weekly Decline Since 2013
The Malaysian ringgit dipped today as falling crude oil prices threatened the nation’s economy. Strength of the US dollar also had a negative impact on the currency’s performance. The ringgit headed to...
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Malaysian Ringgit Drops as US Jobs Growth Fuels Rate Hike Speculations
The Malaysian ringgit fell today, touching the lowest level since September 2009 against the US dollar, as the huge increase of US employment fueled speculations that the Federal Reserve will increase...
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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.(...)Read the rest of Malaysian...
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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...
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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...
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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...
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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.(...)Read the rest of Malaysian...
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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.(...)Read the rest of Ringgit Higher...
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Malaysian Policy Makers Fail to Prevent Ringgit Sell-Off
The Malaysian ringgit slipped against the US dollar today as efforts of Malaysian policy makers to limit currency speculation failed to prevent a downfall of the ringgit. The Bank Negara Malaysia sent...
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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....
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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...
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Malaysian Ringgit Falls After Election
The Malaysian ringgit fell against the US dollar today after the surprise outcome of the country’s general election. In the surprise outcome, Mahathir Mohamad won the Prime Minister seat from the...
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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. Last week, former Prime Mister Mahathir Mohamad surprised many analysts by winning the seat again,...
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Malaysian Ringgit Gains vs. US Dollar on Improving Economic Outlook
The Malaysian ringgit gained on the US dollar today thanks to the upgraded outlook for the nation’s economic growth. Finance Minister Lim Guan Eng said that he expects Malaysia’s economic growth to be...
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Malaysian Ringgit Gains After Positive Surprise from Economic Growth
The Malaysian ringgit gained today after Malaysia’s economy surprised experts, growing more than expected despite negative fundamentals. Economists remained largely pessimistic, though, arguing that...
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