Ringgit climbs as US rate cuts loom, 4.1% this year


KUALA LUMPUR: The ringgit has shown continued strength against the greenback at the opening, as prospects of US rate cuts loom, an analyst reported.

At 8 am today, the ringgit traded slightly higher at 4.4200/4300 against the US dollar, compared to Monday's close of 4.4240/4305.

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

Govt ready to study proposal to combine GST, SST elements for more progressive tax system
Gold slips on firmer Treasury yields, oil prices; Fed minutes in focus
Bond yields rise, oil extends gains as US-Iran ceasefire expires
Budget 2027 seen offering more incentives to SMEs
'China Shock 3.0'? New wave of 'Chinese dividends' on the way
MRT Corp appoints Tan Sri Wan Ahmad Dahlan Abdul Aziz as new chairman
Digital economy on track to account for 30% of GDP by 2030
Bursa Malaysia stays higher at midday
West River secures Feed-in Approval for two small hydropower projects in Perak
Malakoff sub-unit appoints contractor for SAFE-T initiative in Kemaman

Others Also Read