Ringgit opens firmer against US$, Asian currencies

Quick Summary:

KUALA LUMPUR: The ringgit opened higher against the US dollar and ASEAN currencies, lifted by positive sentiments ahead of the announcement of Malaysia’s inflation rate for June this Wednesday.

"We sense that the impact is likely to be minimal given that the diesel weight in the CPI basket is only 0.2 per cent.

Consensus estimates the inflation rate to be at 2.2 per cent, slightly higher than 2.0 per cent in May.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanPhilippinesSingaporeUnited States

Topics: Inflation US dollar Forex Dr Mohd Afzanizam /Business/Business News CPI Ringgit Opening

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 10:09:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21718762

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 15 posts per day

Year Established: 1971

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News Last Updated: 2 hours ago

Coverage Areas: Malaysia

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