Ringgit opens slightly lower against US dollar
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar in early trade today due to lack of demand as the US Dollar Index (DXY) continued to strengthen.
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KUALA LUMPUR: The ringgit opened slightly lower against the US dollar in early trade today due to lack of demand as the US Dollar Index (DXY) continued to strengthen.
Pair could be moving towards RM4.66 today, says analyst.
PETALING JAYA: There is strong potential for the ringgit to strengthen against the US dollar by next year although the first quarter of 2024 (1Q24) could still see some elevation in the US dollar-ringgit exchange rate owing to existing high United States interest rates and slower economic recovery in China.
Local note to see cautious trading as Fed still deemed to be wary of inflation risk, says analyst.
KUALA LUMPUR: The ringgit closed higher against the US dollar today on the expectation that US interest rate hikes are over after dovish comments by US Federal Reserve (Fed) chairman Jerome Powell on Friday.