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KUALA LUMPUR: The ringgit was slightly higher against the US dollar at the start of trading today and also rose versus a basket of other major currencies as well as Asean currencies on positive sentiment following Bank Negara Malaysia's (BNM) statement on the local note’s valuation.
KUALA LUMPUR: The ringgit eased against the US dollar in early trade today due to the lack of catalysts, said an analyst.
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KUALA LUMPUR: Bank Negara governor Datuk Abdul Rasheed Ghaffour said the central bank has stepped up engagements with GLICs, GLCs, corporations and investors to encourage continuous inflows to the foreign exchange market.
The ringgit continues to be battered, a week after falling to a 26-year low against the US dollar.