Ringgit strengthens as markets brace for FOMC meeting


KUALA LUMPUR: The ringgit opened higher on Tuesday as market participants focused on the two-day United States (US) Federal Open Market Committee (FOMC) meeting which starts today.

At 9:05 am, the ringgit appreciated to 4.7255/7300 against the greenback compared to yesterday's closing rate of 4.7310/7360.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , US dollar , Stephen Innes , FOMC , Geopolitical

Next In Business News

Hap Seng Consolidated 2Q net profit eases to RM135.08mil
Lim family, EPF said to near US$1.7bil Yinson bid
Eco Ardence, Missi Care sign MOU to establish 24-hour care hub
Kawan Renergy secures 21-Year FiT approval for Ipoh biomass plant
Time dotCom 2Q net profit rises to RM134.6mil
L&G kicks off FY27 strongly as 1Q net profit jumps 89% to RM21.5mil
EPMB 2Q net profit surges nearly 19-fold, revenue hits 10-year high
Sunway registers positive 2Q, keeps optimistic outlook
Press Metal's net profit climbs to RM801mil in 2Q
Meta Bright bags RM18mil EPCC contract

Others Also Read