Ringgit opens marginally higher vs US$ as traders assess Fed's next move


KUALA LUMPUR: The ringgit opened marginally higher on Monday amid weak sentiment as traders reassessed their stance on the United States Federal Reserve (US Fed) possibly taking more time to reduce interest rates, an economist said.

At 8 am, the local note stood at 4.2150/2240 against the US dollar compared to last Friday’s close of 4.2155/2240.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit to remain steady, trade within 4.10-4.12 versus greenback next week
Thai market wades out of flood woes
Investors turn to EMs
Mega port strategy in the dock
Casino home run for Cohen
Majuhome� built to last
Genting’s high-stakes double-edged win
Cortina rolls out mobile homes for Winter Games
China’s slow stock rally gains investor trust
Super scheme blows the roof off

Others Also Read