The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Tuesday. In other economic news, data from the Department of Statistics showed that the leading index for Malaysia fell by 0.3 percent month-over-month to 119.6 in January from 119.9 in December. In November, the reading was 119.3. On an annual basis, leading
The Australian dollar weakened against the other major currencies in the Asian session on Tuesday after the minutes of the Reserve Bank of Australia March monetary policy meeting signaled the possibility of cutting the benchmark interest rate again. The members of the RBA monetary policy board decided finally to take no action in order to
Goldman Sachs analysts expect the U.S. dollar to hit parity with the euro by September, the firm said in a research note Friday. Goldman’s 12-month outlook for the euro has been dropped to 95 cents from $1.08. Looking further out, the analysts project the euro down to 80 cents by the end of 2017. “We
The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Monday, as investor sentiment subdued on the increased prospects of a hike in U.S. interest rate after strong jobs growth data from the U.S. Against the greenback, the ringgit fell to a 6-year low of 3.6910 from an early high of 3.6765.
The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to 1.4126 against the euro for the first time since January 28. At yesterday’s close, the aussie was trading at 1.4168 against the euro. The aussie advanced to a 2-day high of 1.0361 against the NZ
