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KUALA LUMPUR: The ringgit opened marginally lower today despite a falling US Dollar Index (DXY) as market expectation for an interest rate cut in 2024 supersedes statistical releases, including the better-than-expected US retail sales and initial jobless claims statistics, said an analyst.
KUALA LUMPUR: The ringgit opened higher today as the US dollar Index (DXY) declined after the US Federal Reserve (Fed) provided a clear signal on its monetary stance for next year.
KUALA LUMPUR: The ringgit opened higher against the US dollar today amid cautious trade as investors kept an eye on major developments, including the release of US inflation data and Malaysia’s Cabinet reshuffling.
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Local note strengthens to 4.6750/6800 v greenback.
Local note falls to 4.6830/6855 against the greenback.