Ringgit opens marginally lower against greenback as investors await 1Q GDP release

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar on Friday as investors await the announcement of gross domestic product (GDP) performance for the first quarter of 2024. The local note is expected to remain resilient in the immediate term.

This is following the performance of the US Dollar Index (DXY), which has been decreasing due to the US Federal Reserve's decision not to hike interest rates, providing respite to markets and the economy.