Ringgit opens flat vs US$ amid cautious economic sentiment

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KUALA LUMPUR: The ringgit opened nearly flat against the US dollar on Tuesday, as cautious sentiment surrounding the current economic outlook saw some investors turn to safe-haven assets, an economist said.

Meanwhile, the ringgit traded mixed versus ASEAN currencies.

It edged up against the Japanese yen to 2.8579/8685 from 2.8685/8724 on Monday and increased vis-a-vis the British pound to 5.5890/6091 from 5.6040/6112.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: Opening Gross domestic product Fed US dollar Ringgit Forex /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 09:24:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 373 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23186007

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