Ringgit opens flat on expectation of more US rate hikes


KUALA LUMPUR: The ringgit opened barely changed against the US dollar on the expectation that the US Federal Reserve (Fed) will continue its tight monetary policy going forward.

At 9 am, the local currency rose marginally to 4.6460/6495 against the greenback from Monday’s close of 4.6470/6500, which was a fresh 24-year low against the US dollar.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

KAF Digital Bank appoints Suzaini Mukhtar as CEO
Nomura sees optimistic outlook for Malaysian equities amid stronger ringgit
Govt expects fiscal deficit to shrink to 3.5% in 2026, says Amir Hamzah
Gold climbs back near US$5,100 as US-Iran tensions flare
MISC to supply liquefied carbon dioxide carrier to Northern Lights CCS project
Dollar steady, yen softer ahead of Japan election
JD to spend over US$180mil on worker bonus
Praveen Rajan assumes CEO role at PayNet
FBM KLCI slips amid broad market sell-down
Binastra unit secures RM503mil data centre development project

Others Also Read