Ringgit opens steady vs greenback ahead of rate decisions


KUALA LUMPUR: The ringgit opened almost flat against the US dollar this morning as investors awaited lending rate decisions both domestically and in the United States.

Bank Negara Malaysia’s Monetary Policy Committee (MPC) is scheduled to announce its Overnight Policy Rate (OPR) decision tomorrow, while in the US, markets are looking ahead to the Federal Reserve (Fed)’s decision on the Federal Funds Rate (FFR) next month.

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

Next In Business News

Gold drops 1% as markets assess Mideast ceasefire prospects
Margma urges relief measures amid NBR shortage due to Hormuz blockade
Berjaya Sompo appoints Soo Wai Har as CEO
Golden Destinations eyes RM90mil from ACE market IPO, to allocate RM50mil for new HQ
Philippine central bank holds rate at 4.25% as inflation risks rise
CIMB named best retail, SME bank in Malaysia by The Asian Banker
Stocks slide, oil gains with Mideast ceasefire prospects centre stage
Fresh growth opportunities open for MNCs
George Kent redeems RM132mil sukuk
Aemulus wins RM10.5mil order, marks debut in India

Others Also Read