Ringgit opens stronger vs greenback amid hopes of US rate cuts


KUALA LUMPUR: The ringgit extended last Friday’s gains, trading firmer against the US dollar and breaching the RM4.30 level at Tuesday's opening, driven by persistent buying interest amid expectations of a US interest rate cut, analysts said.

At 8.05 am, the local currency appreciated further to 4.2930/3030 against the greenback, compared to Friday’s close of 4.2975/3050.

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