Buying interest boosts ringgit vs US$


KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday as buying interest for the local note continued, backed by the encouraging economic growth data and the easing sentiment for the US dollar due to the latest inflation data, analysts said.

At 9 am, the local currency rose to 4.4430/4480 versus the greenback from Friday’s close of 4.4435/4455.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Ringgit , US dollar , opening , growth , inflation

   

Next In Business News

Tengku Zafrul: Malaysia-UAE CEPA set to boost bilateral trade by 60%
MOF approves digital banking license to YTL Digital Bank
CLMT appoints Yong Su-Lin as CEO
Ringgit steadies around 4.50-level against U dollar
Chiew Ho Foundation becomes substantial shareholder in AYS Ventures with 57.27% stake
Atlan expects challenging business environment ahead
Bank Islam, Solar Voltech ink RM105.2mil solar financing agreement
Yinson Production secures US$1bil investment from consortium of international investment firms
Oriental Kopi IPO oversubscribed by 59.96 times
FBM KLCI finishes 0.58% lower, hitting six-month low

Others Also Read