Ringgit closes lower against greenback despite weaker US dollar index

KUALA LUMPUR: The ringgit retreated against the greenback on Tuesday despite the weaker US dollar index (DXY) and lower US Treasury yields after the recent downgrade of the credit rating of the United States by Moody’s Ratings.

At 6 pm, the local note eased to 4.2950/3010 versus the greenback from yesterday’s close of 4.2870/2945.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , US dollar ,  Bank Muamalat , Mohd Afzanizam Abdul Rashid

Next In Business News
Oil edges up after Trump backs off tariff threat on Greenland
Guan Huat Seng opens slightly lower at 24 sen in ACE Market debut
Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.