Ringgit opens firmer on US rate cut hopes

KUALA LUMPUR: The ringgit opened firmer against the US dollar and most major currencies on Thursday, tracking expectations of United States (US) interest rate cuts after softer economic data.

At 8 am, the local unit stood at 4.2085/2300 against the greenback, up from Wednesday’s close of 4.2185/2220.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , Opening , Mohd Afzanizam Abdul Rashid , rate cuts , PPI , CPI

Next In Business News
Matrade: Malaysia’s trade breaks RM3 trillion mark despite challenging global conditions
Swift Energy Tech subsidiary bags contracts worth RM18mil
Reneuco redesignates Mustakim Mat Nun to group MD
ISF Group IPO oversubscribed by over 31 times
Dayang subsidiary to purchase marine vessel for RM117.7mil
Ringgit eases slightly against greenback on caution amid renewed US-EU tariff tension
Maybank launches ROAR30 strategy plan, targets 13-14% ROE by 2030
Mitrajaya accepts RM42.81mil fourth variation order for data centre project
PJBumi acquires drilling rigs for RM162mil
Manforce secures Bursa approval for ACE Market IPO

Trending in Business

Others Also Read

Load more

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

Best viewed on Chrome browsers.