Ringgit gets boost from firmer economic outlook


Riskier currencies were trading on a poor footing, given the firmer dollar and negative global equity sentiment.

KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday on continued buying momentum for the local note, supported by the positive Malaysian economy, a dealer said.

At 9.01am, the ringgit was quoted at 3.8875/8920 from the 3.8885/8925 recorded at Tuesday’s close.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Toyota likely to post first profit drop in two years
Strong financial grasp critical for investors
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
Proton EV expected to boost DRB-Hicom showing
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract
The Philippines to be cautious in policy easing cycle
Ringgit maintains stronger footing at the close

Others Also Read