The Ringgit opened slightly lower against the US dollar as markets awaited key US economic data and anticipated a 25‑basis‑point rate cut by the Federal Reserve later tonight. At 8am, the currency stood at 4.1140/1250 versus 4.1105/1165 yesterday.
Ringgit Opens Lower than USD
Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index rose 0.13% amid mixed labour signals, adding that the Ringgit is likely to trade within RM4.11–RM4.12.
He noted that future Fed decisions hinge on inflation risks tied to US reciprocal tariffs. The ringgit strengthened against the pound, euro and yen but weakened against most ASEAN currencies, including the Singapore dollar and Philippine peso.
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