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  • Ringgit retreats on rising fuel prices, geopolitical risks
    KUALA LUMPUR, June 5 — The ringgit ended lower against the US dollar today amid cautious sentiment over lingering geopolitical uncertainty in West Asia and rising fuel prices.At 6 pm, the local currency depreciated to 4.0280/0320 against the greenback from yesterday’s close of 4.0095/0140.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the stalemate in the US-Iran negotiations could keep fuel prices elevated and result in higher inf
     

Ringgit retreats on rising fuel prices, geopolitical risks

5 June 2026 at 10:47

Malay Mail

KUALA LUMPUR, June 5 — The ringgit ended lower against the US dollar today amid cautious sentiment over lingering geopolitical uncertainty in West Asia and rising fuel prices.

At 6 pm, the local currency depreciated to 4.0280/0320 against the greenback from yesterday’s close of 4.0095/0140.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the stalemate in the US-Iran negotiations could keep fuel prices elevated and result in higher inflationary pressures.

He said authorities across Asia have also reaffirmed their commitment to stabilising their respective currencies amid heightened market volatility.

He added that the US dollar-Japanese yen pair had surpassed the 160-yen psychological level, prompting the Japanese government to signal its readiness to intervene in the foreign exchange market, while India is mulling scrapping the capital gains tax on bonds to lure foreign investors.

“Hence, the currency market is likely to remain guarded,” he told Bernama.

The ringgit also traded lower against a basket of major currencies. 

It eased against the British pound to 5.4233/4287 from 5.3872/3932, slid against the euro to 4.6882/6928 from 4.6610/6663, and slipped versus the Japanese yen to 2.5183/5209 from 2.5081/5111 at yesterday’s close.

The local currency traded lower against regional peers.

It retreated versus the Singapore dollar to 3.1390/1424 from 3.1241/1279, and eased against the Thai baht to 12.3433/3605 from 12.2708/2903.

It also weakened against the Philippine peso to 6.55/6.56 from 6.50/6.52, and dropped against the Indonesian rupiah at 223.3/223.6 versus 222.1/222.4 at Thursday’s close. — Bernama

 

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  • Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
     KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict.At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.15 points to 1,678.37 from Monday’s close of 1,679.52.The index opened 8.41 points higher at 1,687.93.Market breadth was positive, as gainers led losers 202 to 133, wh
     

Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade

9 June 2026 at 02:43

Malay Mail

 

KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict.

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.15 points to 1,678.37 from Monday’s close of 1,679.52.

The index opened 8.41 points higher at 1,687.93.

Market breadth was positive, as gainers led losers 202 to 133, while 266 counters were unchanged, 2,074 untraded, and 13 suspended.

Turnover stood at 347.09 million shares worth RM100.95 million.

In a research note, Malacca Securities said it expects Wall Street to stage a rebound with US President Donald Trump’s demand for a ceasefire in the West Asia conflict.

“A rebound on Wall Street may spill over to the local bourse today. Meanwhile, with the ringgit weakening towards the 4.07 level against the US dollar, we expect buying interest to be sustained in export-oriented sectors such as gloves. Top Glove and Hartalega are pending breakouts,” it said.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Monday’s event may have turned on the risk-off button. Hence, expect a consolidation to emerge. The index may trend between the 1,675-1,690 range today.

Among heavyweights, Maybank erased six sen to RM10.64, Public Bank added two sen to RM4.80, Tenaga advanced four sen to RM14.24, CIMB Group was four sen lower at RM7.35, and IHH Healthcare removed seven sen to RM8.53.

Among the active stocks, Hong Seng Consolidated gained half-a-sen to 1.5 sen, Tanco lost 19 sen to 93 sen, TFP Solutions improved 1.5 sen to seven sen, GIIB and Land and General were both flat at 46 sen and 16 sen, respectively.

As for the top gainers, Nestle was RM1.3 higher at RM93.0, Malaysian Pacific Industries improved 60 sen to RM46.10, Petronas Dagangan and Vitrox added 16 sen each to RM18.76 and RM6.90, respectively. 

Among the top losers, United Plantations was 26 sen lower at RM31.74, FACB Industries was 19 sen lower at RM1.66, Hong Leong Bank was eight sen lower at RM20.88, and IHH Healthcare slipped seven sen to RM8.53.

On the index board, the FBM Emas Index fell 2.84 points to 12,467.24, while the FBM Top 100 Index eased 9.06 points to 12,306.43, and the FBM Emas Shariah Index edged up 8.29 points to 12,451.33.

The FBM Mid 70 Index gave up 16.02 points to 17,994.37, and the FBM ACE Index edged up 29.99 points to 4,678.37.

By sector, the Financial Services Index shrank 28.77 points to 19,531.71, while the Industrial Products and Services Index eased 0.08 of a point to 196.93, the Energy Index slid 3.92 points to 787.02, and the Plantation Index trimmed 22.27 points to 8,703.13. — Bernama

 

 

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  • Ringgit softens on resurfacing US tariff concerns, trades lower against major currencies
    KUALA LUMPUR, June 3 — The ringgit ended lower today against the American dollar amid volatile currency markets as concerns over US tariffs resurfaced.At 6 pm, the local currency depreciated to 3.9955/9990 against the greenback from last Friday’s close of 3.9625/9670.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Trade Representative (USTR), in its latest press statement, has identified the policies and practices of 60 econo
     

Ringgit softens on resurfacing US tariff concerns, trades lower against major currencies

3 June 2026 at 11:09

Malay Mail

KUALA LUMPUR, June 3 — The ringgit ended lower today against the American dollar amid volatile currency markets as concerns over US tariffs resurfaced.

At 6 pm, the local currency depreciated to 3.9955/9990 against the greenback from last Friday’s close of 3.9625/9670.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Trade Representative (USTR), in its latest press statement, has identified the policies and practices of 60 economies that would face an increase in tariffs in relation to elements of forced labour.

“This suggests that trade protectionist policies will continue to shape the global economy, which would result in a higher cost of doing business for US businesses and potentially lead to further reconfiguration of the global supply chain,” he told Bernama.

The ringgit also traded lower against a basket of major currencies. 

It eased against the British pound to 5.3727/3775 from 5.3165/3225, slid against the euro to 4.6400/6440 from 4.6127/6180, and dipped versus the Japanese yen to 2.5005/5027 from 2.4874/4904 at last Friday’s close.

The local currency traded lower against regional peers.

It retreated versus the Singapore dollar to 3.1164/1193 from 3.1010/1048, and eased marginally against the Thai baht to 12.1825/1988 from 12.1732/1926 previously. 

It was lower against the Indonesian rupiah at 222.3/222.7 versus 221.6/221.9, and fell against the Philippine peso to 6.47/6.48 from 6.43/6.44 at last Friday’s close. — Bernama

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  • Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions
     KUALA LUMPUR, June 9 — The ringgit opened higher against the US dollar and most major currencies today, tracking a slight pullback in the US Dollar Index (DXY) amid easing tensions in West Asia.At 8 am, the local note appreciated to 4.0665/0780 against the greenback from Monday’s close of 4.0715/0760.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY fell slightly to 99.98 points as Iran and Israel appeared to be moving toward
     

Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions

9 June 2026 at 02:41

Malay Mail

 

KUALA LUMPUR, June 9 — The ringgit opened higher against the US dollar and most major currencies today, tracking a slight pullback in the US Dollar Index (DXY) amid easing tensions in West Asia.

At 8 am, the local note appreciated to 4.0665/0780 against the greenback from Monday’s close of 4.0715/0760.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY fell slightly to 99.98 points as Iran and Israel appeared to be moving towards easing strikes against each other, although such pledges remain fluid.

“Market sentiment is likely to stay cautious ahead of the US consumer price index (CPI) release tomorrow.

“In light of the ongoing war and its impact on fuel prices, amid the strong non-farm payrolls (NFP) outturn last week, the Federal Reserve is likely to maintain its restrictive monetary policy stance,” he told Bernama.

The ringgit traded mostly higher against a basket of major currencies. 

It appreciated against the British pound to 5.4219/4372 from 5.4249/4309 and gained against the Japanese yen to 2.5385/5459 from 2.5445/5475, but slid against the euro to 4.6879/7011 from 4.6867/6919 at yesterday’s close.

The local currency was also higher against regional peers.

It improved versus the Singapore dollar to 3.1548/1639 from 3.1577/1614, was up against the Thai baht at 12.3639/4049 from 12.3942/4128, strengthened against the Philippine peso to 6.59/6.61 from 6.60/6.61, and rose against the Indonesian rupiah to 223.5/224.3.2 versus 223.8/224.2 on Monday. — Bernama

 

 

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  • Ringgit opens higher as easing Iran tensions and softer US dollar lift sentiment
     KUALA LUMPUR, June 12 — The ringgit opened higher against the US dollar and was mostly firmer against regional peers on Friday amid easing geopolitical tensions in West Asia, which lifted sentiment towards the local note.At 8 am, the local currency appreciated to 4.0505/0615 against the greenback from yesterday’s close of 4.0650/0690.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said United States President Donald Trump had indicated
     

Ringgit opens higher as easing Iran tensions and softer US dollar lift sentiment

12 June 2026 at 01:34

Malay Mail

 

KUALA LUMPUR, June 12 — The ringgit opened higher against the US dollar and was mostly firmer against regional peers on Friday amid easing geopolitical tensions in West Asia, which lifted sentiment towards the local note.

At 8 am, the local currency appreciated to 4.0505/0615 against the greenback from yesterday’s close of 4.0650/0690.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said United States President Donald Trump had indicated that a deal with Iran was close to being finalised, which could lead to the resumption of shipping activities in the Strait of Hormuz.

“Meanwhile, crude oil prices such as West Texas Intermediate (WTI) and Brent fell by 1.97 per cent and 2.92 per cent to US$85.98 per barrel and US$90.38 per barrel, respectively.

“The US Dollar Index (DXY) was also down by 0.28 per cent to 99.672 points as a result. In addition, US initial jobless claims rose for the third week in a row to 229,000 last week,” he told Bernama.

The local currency traded mostly lower against a basket of major currencies. 

It climbed versus the Japanese yen to 2.5293/5364 from 2.5321/5347, but depreciated against the British pound to 5.4337/4485 from 5.4325/4378, and slid vis-a-vis the euro to 4.6889/7016 from 4.6878/6924 at Thursday’s close.

The ringgit was mostly higher against regional peers.

It rose versus the Singapore dollar to 3.1541/1632 from 3.1556/1589, was up against the Indonesian rupiah to 225.1/225.8 from 225.9/226.2, and strengthened against the Philippine peso to 6.60/6.62 from 6.62/6.63 previously.

However, the local note eased against the Thai baht to 12.3623/4023 from 12.3331/3501 yesterday. — Bernama

 

 

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  • Ringgit falls to 4.0095 against US dollar amid fuel price and tariff jitters
    KUALA LUMPUR, June 5 — The ringgit ended lower against the US dollar yesterday on cautious sentiment over rising fuel prices, unresolved geopolitical tensions and global trade uncertainties.At 6pm, the local currency depreciated to 4.0095/0140 against the greenback from Wednesday’s close of 3.9955/9990.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said elevated fuel prices are expected to exert upward pressure on global inflation as a
     

Ringgit falls to 4.0095 against US dollar amid fuel price and tariff jitters

4 June 2026 at 11:00

Malay Mail

KUALA LUMPUR, June 5 — The ringgit ended lower against the US dollar yesterday on cautious sentiment over rising fuel prices, unresolved geopolitical tensions and global trade uncertainties.

At 6pm, the local currency depreciated to 4.0095/0140 against the greenback from Wednesday’s close of 3.9955/9990.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said elevated fuel prices are expected to exert upward pressure on global inflation as a truce between the US and Israeli forces and the Iranian military remains elusive.

“Hence, traders and investors have become more edgy, with fuel prices expected to remain elevated.

“In addition, the US’ trade protectionist policies are here to stay, leading to further anxiety in market sentiment,” he told Bernama.

On June 2, 2026, the Office of the United States Trade Representative (USTR) published its findings under the Section 301 investigation into alleged forced labour involving Malaysia and proposed a 10 per cent tariff on Malaysian goods upon the expiry of the tariff imposed under Section 122 of the Trade Act 1974 on July 24, 2026.

The Ministry of Investment, Trade and Industry (MITI) noted that no final tariff determination has been made against Malaysia, as the proposed 10 per cent tariff remains subject to the USTR’s ongoing investigation and formal determination.

The ringgit also traded lower against a basket of major currencies.

It eased against the British pound to 5.3872/3932 from 5.3727/3775, slid against the euro to 4.6610/6663 from 4.6400/6440, and slipped versus the Japanese yen to 2.5081/5111 from 2.5005/5027 at yesterday’s close.

The local currency traded mostly lower against regional peers.

It retreated versus the Singapore dollar to 3.1241/1279 from 3.1164/1193, eased against the Thai baht to 12.2708/2903 from 12.1825/1988, and weakened against the Philippine peso to 6.50/6.52 from 6.47/6.48.

However, it was higher against the Indonesian rupiah at 222.1/222.4 versus 222.3/222.7 at Wednesday’s close. — Bernama

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  • Ringgit edges lower against greenback ahead of crucial US CPI report
     KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the United States Consumer Price Index (CPI) data tonight.At 8 am, the local note depreciated to 4.0600/0640 against the greenback from Tuesday’s close of 4.0580/0630.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the foreign exchange market is expected to r
     

Ringgit edges lower against greenback ahead of crucial US CPI report

10 June 2026 at 00:59

Malay Mail

 

KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the United States Consumer Price Index (CPI) data tonight.

At 8 am, the local note depreciated to 4.0600/0640 against the greenback from Tuesday’s close of 4.0580/0630.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the foreign exchange market is expected to remain guarded ahead of the highly anticipated US CPI report.

“Bond traders appear to be upping their bets for a 25-basis-point interest rate hike by the US Federal Reserve this year, in light of the robust jobs data and higher inflation expectations going forward.

“This could mean that the US dollar would be well supported in the near term,” he told Bernama.

The ringgit traded higher against a basket of major currencies. 

It rose against the Japanese yen to 2.5312/5338 from 2.5332/5365 at Tuesday’s close, was higher versus the British pound to 5.4286/4340 from 5.4329/4395, and gained against the euro to 4.6832/6878 from 4.6915/6972 previously.

The local currency mostly strengthened against regional peers.

It appreciated versus the Singapore dollar to 3.1536/1570 from 3.1563/1604 yesterday, and was up against the Thai baht at 12.3239/3432 from 12.3531/3732 previously.

However, it was marginally lower against the Indonesian rupiah to 224.8/225.1 versus 224.7/225.1, and was unchanged against the Philippine peso at 6.59/6.60 as the previous close. — Bernama

 

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