Ringgit opens higher as US$ weakens post-NFP data

Quick Summary:

KUALA LUMPUR: The ringgit maintained its upward momentum, opening higher on Tuesday as the US Dollar Index (DXY) weakened following last Friday’s release of US non-farm payroll (NFP) data, said an analyst.

The ringgit was almost flat against the Philippine peso at 7.49/7.51 from 7.49/7.50.

Meanwhile, the ringgit gained against a basket of major currencies.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: /Business/Business News NFP US Presidential Election US dollar Forex Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 09:25:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23418835

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