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Ringgit opens marginally higher ahead of CPI

The Star Business LogoThe Star Business1w ago

Ringgit opens marginally higher ahead of CPI

Quick Summary

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today, ahead of Malaysia's consumer price index (CPI) report for May 2022, scheduled to be released by the Department of Statistics (DoSM) today, said an analyst.

However, it had depreciated vis-a-vis the Japanese yen to 3.2583/2608 from 3.2534/2559 and weakened against the British pound to 5.3907/3944 from 5.3722/3758 yesterday.

Meanwhile, he said fears of a recession will continue to drive the prevailing sentiment.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: DoSM Ringgit CPI /Business/Business News US dollar Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 10:21:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 234 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6846

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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