Ringgit opens higher in 10-day rally against US dollar


KUALA LUMPUR: The ringgit opens higher against the US dollar today, continuing its 10-day rally as investors anticipate possible Federal Reserve (Fed) rate cuts in September.

At 8 am, the ringgit marginally increased by 30 basis points to 4.5645/5725 against the greenback from Thursday's close of 4.5675/5710.

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!

Next In Business News

West River secures Feed-in Approval for two small hydropower projects in Perak
Malakoff sub-unit appoints contractor for SAFE-T initiative in Kemaman
AmBank posts resilient 1Q on higher net interest income
Puncak Niaga unit to dispose of Kuala Selangor land for RM237.15mil
Duopharma Biotech posts earnings jump in 1H, 1.5c div/share
US 30-year yields hit highest level since 2007 as war, oil worries fester
Oil climbs as fading US-Iran peace hopes raise supply risks
Bond yields jump, oil extends gains as US-Iran ceasefire expires
Affin Bank, Baiduri Bank expand cross-border banking collaboration
Ringgit strengthens vs major currencies, little changed against greenback

Others Also Read