Ringgit opens higher as investor risk appetite improves

  • Forex
  • Tuesday, 10 Sep 2019

KUALA LUMPUR: The ringgit opened higher today, extending its better performance from last week, bolstered by the global investors’ higher appetite for the riskier assets which includes ASEAN currencies, said a dealer.

At 9 am, the ringgit improved to 4.1700/1750 against the US dollar from last Friday's close of 4.1780/1830.

The market was closed on Monday in conjunction with the birthday of the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.

Axi Trader Asia-Pacific market strategist Stephen Innes said the easing of the US dollar index and the firmer Chinese’ yuan also allowed Asia capital markets to have a lesser interest cost for servicing foreign debt.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3


Did you find this article insightful?


Across the site