Ringgit rises against US$ as markets digest Fed's tariff caution


KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs.

At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405.

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

Next In Business News

Up in Arms - or up the value chain?
US LNG exporters lead in gas use
Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher

Others Also Read