Global uncertainties push ringgit to open higher against US$

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The story "Global uncertainties push ringgit to open higher against US$" was covered 6 hours ago by The Star, a news publisher based in Malaysia.

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The Star 6h ago

Global uncertainties push ringgit to open higher against US$ - The Star

Quick Summary:

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar in early trade as the dollar retreated, sparked by a report hinting at gradual tariff implementations and data showing an unexpected dip in US wholesale inflation, said an analyst.

The ringgit advanced versus the Philippines’ peso to 7.67/7.69 from 7.68/7.70 and was higher vis-a-vis the Indonesian rupiah at 276.5/277.2 from 276.7/277.3 recorded at yesterday’s closing.

Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit could be stuck at the current trajectory of around RM4.50 to RM4.51 until there is more clarity on the global policy direction.