Ringgit rises on softer DXY, lower US yields

KUALA LUMPUR: The ringgit rose against the US dollar in early trade on Wednesday, bolstered by a weaker US dollar index (DXY) and a drop in US Treasury yields, signalling persistent risk-off sentiment.

At 8 am, the local note strengthened to 4.2120/2300 versus the greenback from Tuesday’s close of 4.2285/2360.

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Ringgit , US dollar , FOMC , Mohd Afzanizam Abdul Rashid , US DXY , US Treasury yields

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