Forex News

The safe-haven Swiss franc strengthened against other major currencies in the European session on Monday, as European stock markets traded lower after reports suggested the European Union is gearing up to impose retaliatory tariffs on the United States. It is feared that U.S. President Trump's proposed massive tariffs and retaliatory actions against the U.S. tariffs could potentially lead to a global economic recession in 2025. The European Union is likely to join Canada and China against Trump's tariffs. "We will react in areas where it hurts the United States," a senior EU official said. As per Reuters, countries like Japan, Mexico, South Korea, and India are seeking concessions from the U.S. rather than retaliating. The...

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to U.S. President Donald Trump's new levies that could fuel inflation and damage the global economy. China announced a 34 percent tariff will be imposed on all imported goods from the U.S. as of April 10, while Canada and the European Union are also preparing countermeasures. The new tariff matches the "reciprocal tariff" Trump plans to impose on China, although the country will face a 54 percent effective rate when the new levies are...

Oleh Nurunnasihah Ahmad Rashid KUALA LUMPUR, 7 April (Bernama) -- Ringgit dibuka rendah berbanding dolar AS berikutan kekurangan minat belian selepas ketidaktentuan pasaran yang berterusan disebabkan tarif timbal balas global oleh Presiden Amerika Syarikat (AS) Donald Trump. Pada 8.09 pagi, ringgit susut kepada 4.4485/4765 berbanding dolar AS daripada 4.4335/4400 pada Jumaat lepas. Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata pasaran mata wang dijangka terus tidak menentu dengan sentimen lemah susulan pengumuman tarif oleh pentadbiran Trump minggu lepas. Katanya S&P 500 dan niaga hadapan Nasdaq, masing-masing merosot 4.57 peratus dan 5.33 peratus pada Jumaat lepas, menunjukkan pelabur kurang...

Oleh Rosemarie Khoo Mohd Sani KUALA LUMPUR, 5 April (Bernama) -- Ringgit diunjur diniagakan antara paras 4.41 dan 4.42 berbanding dolar AS pada minggu depan, kata seorang penganalisis. Ketua ahli ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata keadaan pasaran yang tidak menentu akibat kejutan daripada tarif Amerika Syarikat (AS) dijangka berterusan, mendorong peniaga dan pelabur mengambil pendekatan defensif. “Saya berpandangan peserta pasaran akan mencari lebih banyak petunjuk seperti sama ada Rizab Persekutuan AS (Fed) akan mengurangkan dasar monetari melebihi penurunan setengah mata seperti yang dinyatakan dalam unjuran Mac mereka. "Justeru itu, Indeks Harga Pengguna (IHP) AS bagi Mac akan dipantau...

-- Gambar hiasan Oleh Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, 4 April (Bernama) -- Kontrak niaga hadapan minyak sawit mentah (MSM) di Bursa Malaysia Derivatives ditutup rendah berikutan penjualan besar-besaran komoditi secara global turut menjejaskan pasaran minyak sawit, kata peniaga minyak sawit David Ng. Beliau berkata harga minyak mentah dan minyak soya yang rendah turut menekan sentimen pasaran secara negatif. “Kami mengesan paras sokongan pada RM4,200 dan paras rintangan pada RM4,500 satu tan,” kata Ng  kepada Bernama. Pada penutup dagangan, kontrak April 2025 susut RM109 kepada RM4,702 setiap tan, Mei 2024 turun RM143 kepada RM4,474 setiap tan, dan Jun 2025 merosot RM161 kepada RM4,328 setiap tan. Kontrak Julai...

Oleh Rosemarie Khoo Mohd Sani KUALA LUMPUR, 4 April (Bernama) - Ringgit mengakhiri minggu ini dengan ditutup kukuh berbanding dolar AS hari ini di tengah-tengah ketidaktentuan tarif timbal balik yang dikenakan oleh pentadbiran Amerika Syarikat (AS), kata seorang penganalisis. Pada 6 petang, ringgit ditutup tinggi kepada 4.4335/4400 berbanding dolar AS daripada paras penutup 4.4400/4460 pada Khamis. Ketua Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata walaupun kadar tarif yang dikenakan ke atas Malaysia adalah tinggi pada 24 peratus namun masih ada ruang untuk perbincangan. “Justeru, kemungkinan untuk Malaysia dan negara lain memuktamadkan perjanjian yang lebih baik dengan AS adalah tidak mustahil,” katanya...

KUALA LUMPUR, 4 April (Bernama) -- Kadar antara bank jangka pendek ditutup kukuh hari ini susulan operasi Bank Negara Malaysia (BNM) yang menyerap lebihan mudah tunai daripada sistem kewangan. Mudah tunai dalam sistem konvensional susut kepada RM31.23 bilion daripada RM31.90 bilion pada sesi pagi manakala mudah tunai dalam dana Islam berkurangan kepada RM22.60 bilion daripada RM24.38 bilion sebelumnya. Terdahulu, bank pusat menawarkan dua tender repo berbalik. BNM juga mengumumkan ketersediaan repo berbalik, perjanjian jual dan beli balik dan kemudahan murabahah bercagar dengan tempoh seminggu, sebulan dan tiga bulan. Pada 4 petang, bank pusat menawarkan tender pasaran wang konvensional bernilai RM31.20 bilion dan tender pasaran...

The British pound weakened against other major currencies in the European session on Friday, as European shares traded lower, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs. Investor sentiment remained fragile as U.S. President Donald Trump's reciprocal tariffs fueled concerns about inflation and growth. According to UBS, the latest tariff measures unveiled by Trump may knock down U.S. economic growth by 2 percentage points this year and raise inflation close to 5 percent. However, Trump has downplayed the impact. "The markets are going to boom, the stock is going to boom, and the country is going to boom," Trump said. As growth worries mount...

The Indian rupee strengthened against the U.S. dollar in the early European session on Friday, as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts supported the INR. President Trump's tariffs are higher than anticipated, which increases the likelihood of a recession in the U.S. economy and devalues the dollar. The dollar extended its drop and yields on the 10-year U.S. Treasury hovered around the 4 percent mark as investors await a key U.S. jobs report and a speech by Fed Chair Jerome Powell for additional clues on the outlook for the world's largest economy. Oil extended losses after tumbling over 6 percent in the previous session following an OPEC+ decision to increase...

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid increased risk-off mood by the investors, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by U.S. President Donald Trump on U.S. trade partners. Trump's "reciprocal tariff" plan calls for a baseline 10 percent tariff to be imposed on all U.S. imports except those compliant with the United States-Mexico-Canada Agreement. Certain countries deemed the "worst offenders" will face much higher tariffs, with countries like Cambodia, Laos, Madagascar and Vietnam set to be charged nearly 50 percent...

Oleh Zufazlin Baharuddin KUALA LUMPUR, 4 April (Bernama) -- Ringgit mencatat penyusutan kecil berbanding dolar Amerika Syarikat (AS) pada sesi awal urus niaga Jumaat, diasak tekanan susulan pengumuman Presiden AS Donald Trump mengenai pelaksanaan tarif timbal balik, semalam. Pada 8 pagi, ringgit turun sedikit kepada 4.4425/4445 berbanding dolar AS daripada penutupan semalam pada 4.4400/4460. Laporan media menyatakan Rumah Putih telah mengeluarkan senarai tarif ke atas kira-kira 100 negara, termasuk Malaysia yang dikenakan tarif sebanyak 24 peratus berkuat kuasa pada 9 April, 2025. Susulan pengumuman itu, Kementerian Pelaburan, Perdagangan dan Industri dalam kenyataannya menyatakan keterbukaan untuk berbincang dengan AS yang turut...

David Ng Oleh Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, 3 April (Bernama) -- Kontrak niaga hadapan minyak sawit mentah (MSM) di Bursa Malaysia Derivatives ditutup lebih rendah pada Khamis, menjejaki pasaran minyak kacang soya yang lemah, kata peniaga minyak sawit David Ng. Beliau berkata jangkaan pengeluaran lebih tinggi dalam beberapa minggu akan datang turut menjejaskan sentimen pasaran. “Kami melihat paras sokongan pada RM4,450 dan paras rintangan pada RM4,600,” katanya kepada Bernama. Ketika ditutup, kontrak April 2025, Mei 2025 dan September 2025 masing-masing merosot RM31 kepada RM4,811, RM4,617 dan RM4,252 setan. Kontrak Julai 2025 menurun RM25 kepada RM4,383 setan, manakala kontrak Jun 2025 dan Ogos 2025...

The euro strengthened against other major currencies in the European session on Thursday, as the U.S. dollar suffered due to concerns about the country's short-term economic prospects and the continuous imposition of tariffs on trading partners. The euro was also supported by economic data. Additionally, reports showed that Spanish Prime Minister Pedro Sanchez said that his government will respond to U.S. tariffs with €14.1 billion plan to protect the Spanish economy. Markets anticipate that Trump's tariffs will cause the U.S. economy and the rest of the world to slow down. New import taxes, according to experts, are larger than anticipated and enough to plunge the U.S. economy into a recession. Assuming that rising taxes will...

Oleh Rosemarie Khoo Mohd Sani KUALA LUMPUR, 3 April (Bernama) -- Ringgit yang berdepan tekanan susulan tindakan Presiden Amerika Syarikat (AS) mengumumkan tarif timbal balas ke atas beberapa negara, termasuk Malaysia pada awal Khamis, sebaliknya ditutup secara relatifnya lebih stabil, kata penganalisis. Pada 6 petang, ringgit diniagakan meningkat sedikit pada 4.4400/4460 berbanding dolar AS daripada  4.4510/4565, semalam. Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata ringgit diniagakan susut dalam sesi urus niaga pagi ini pada 4.4822 berbanding dolar AS namun kembali mendapat momentum peningkatan menjelang lewat tengah hari ini. Beliau berkata kalangan peniaga, pelabur dan penganalisis...

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June. U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately." Trump imposed an additional 34 percent tariff on Chinese imports, raising total levies in China to 54 percent. Australia was hit with a 10 percent tariff, Japan was struck with a 24 percent...

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately." Trump imposed an additional 34 percent tariff on Chinese imports, raising total levies in China to 54 percent. Australia was hit with a 10 percent tariff, Japan was struck with a 24 percent tariff, alongside the 25 percent levies on auto and auto parts imports, dealing a heavy blow to...

Oleh Zufazlin Baharuddin KUALA LUMPUR, 3 April (Bernama) -- Ringgit dibuka rendah sedikit berbanding dolar AS hari ini apabila mata wang negara maju itu mengukuh selepas Presiden Amerika Syarikat (AS) Donald Trump mengumumkan tarif timbal balas  global. Pada 8 pagi, ringgit susut kepada 4.4515/4785 berbanding dolar AS daripada 4.4510/4565 semasa ditutup semalam. Trump dilaporkan akan mengenakan tarif timbal balik, yang menyaksikan Rumah Putih mengeluarkan senarai kira-kira 100 negara dan kadar tarif masing-masing yang akan dikenakan oleh AS termasuk Malaysia. Malaysia akan berdepan tarif timbal balik oleh AS sebanyak 24 peratus berkuat kuasa 9 April. Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid...

David Ng Oleh Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, 2 April (Bernama) -- Kontrak niaga hadapan minyak sawit mentah (MSM) di Bursa Malaysia Derivatives ditutup lebih tinggi pada Rabu, menjejaki harga minyak kacang soya yang lebih kukuh dan anggaran eksport yang lebih tinggi, kata peniaga minyak sawit, David Ng. Katanya, prestasi eksport yang lebih tinggi didorong oleh permintaan yang lebih tinggi mengikut musim. “Setakat ini, terdapat dua sebab utama bagi permintaan yang kukuh iaitu permintaan meningkat mengikut musim dari China dan India serta levi cukai Indonesia yang lebih tinggi ke atas eksport MSM, yang menyebabkan minyak sawit dari Malaysia lebih menarik, sekali gus meningkatkan permintaan. “Kami melihat paras...

Oleh Rosemarie Khoo Mohd Sani KUALA LUMPUR, 2 April (Bernama) -- Ringgit ditutup rendah berbanding dolar AS hari ini di tengah-tengah kebimbangan para peniaga dan pelabur terhadap pengumuman tarif timbal balik oleh kerajaan Amerika Syarikat (AS) lewat hari ini, kata seorang penganalisis. Pada 6 petang, ringgit menyusut  kepada 4.4510/4565 berbanding dolar AS daripada paras penutup 4.4330/4355 pada Jumaat minggu lepas. Pasaran mata wang Malaysia ditutup pada Isnin dan Selasa minggu ini sempena cuti umum sambutan Hari Raya Aidilfitri. Ketua ahli ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata butiran terperinci tarif itu akan dikaji dengan teliti kerana ini akan menentukan kesan daripada perang perdagangan...

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday, as traders await the introduction of reciprocal tariffs by U.S. President Donald Trump to be announced later in the day. Some traders also continue to pick up stocks at a bargain after heavy selling in the previous sessions. The AUD and NZD are benefited by a generally upbeat mood in the equities markets as well as optimism about the Chinese economy. China's manufacturing activity grew in March at the quickest rate in a year, according to data released on Tuesday. Additionally, the recent stimulus plans to support economic recovery caused the antipodean currencies to rise. There...