Ringgit opens higher against greenback for fourth straight day

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KUALA LUMPUR: The ringgit opened higher for the fourth consecutive day against the US dollar as investors reassessed their positions following the release of weaker US economic data, said an analyst.

"Contributing to the yen’s rise, a sharp decline in global bond yields has narrowed the yield differentials with Japan, making yen assets more attractive.

He noted that the latest consumer price index figures from these countries have reinforced the view that underlying inflationary pressures are easing.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited KingdomUnited States

Topics: US dollar Mohd Afzanizam Abdul Rashid Forex Stephen Innes Ringgit /Business/Business News US Federal Reserves Opening Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 09:18:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 25208557

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