Ringgit opens slightly higher vs US$ as risk-on mood emerges

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar as a risk-on mood emerged, with US equities benchmarks continuing to break record highs amid growing anticipation of a US Federal Reserve (Fed) rate cut.

At 8 am, the ringgit inched up to 4.6700/6800 against the greenback from yesterday’s close of 4.6745/6790.

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Ringgit , US dollar , Interest rates , Mohd Afzanizam Abdul Rashid , Retail Sales

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