Ringgit extends gains against US dollar at market open

Quick Summary:

At 9 am, the local note rose to 4.4040/4150 against the US dollar from yesterday’s close of 4.4420/4500.

KUALA LUMPUR (Dec 1): The ringgit opened higher against the US dollar today after the greenback retreated following the United States (US) central bank’s less hawkish tone on interest rate hike, an analyst said.

SPI Asset Management managing director Stephen Innes said the ringgit rallied sharply in full catch-up mode, shedding not only political risk but also spurred by US Federal Reserve chairman Jerome Powell’s remarks on slowing down the pace of interest-rate hikes beginning this month.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: InvestingFinance

Markets: MalaysiaChinaSingaporeUnited States

Topics: Greenback States Higher (dec Dollar Lumpur Opened Retreated Kuala United Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 01:30:57 (3 months ago)

News Timezone: GMT +8:00

News Source URL: news.google.com

Language: English

Article Length: 105 words

Reading Time: 1 minutes read

Sentences: 11 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 2069551

View Article Analysis

About The Edge Markets

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 33 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 10 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

Frequently Asked Questions