Ringgit moderately higher amid firmer crude oil price


KUALA LUMPUR: The ringgit opened moderately higher against the US dollar today in line with the crude oil price that has moved into positive territory at the time of writing.

However, as for the broader outlook, cautious mode still clouded investors’ sentiment after Saudi Arabia cut crude contract prices for Asia coupled with the US Federal Reserve’s (Fed) upcoming announcement on its tapering of asset purchases.

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Ringgit , US dollar , Fec , COVID-19 , Budget 2022 , Deficit , GE15

   

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