Ringgit opens marginally higher against US$ ahead of upcoming inflation data

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KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback.

At 8 am, the local note traded slightly better at 4.4330/4465 against the greenback compared with Tuesday’s close of 4.4365/4400.

Against the Thai baht, it rose to 12.7162/7637 from 12.7456/7608 at Tuesday’s close and strengthened against the Singapore dollar at 3.3107/3210 from 3.3143/3174.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: Mohd Afzanizam Abdul Rashid Opening Ringgit US dollar Fed US CPI /Business/Business News Forex

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 09:29:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 23562701

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