Ringgit opens easier vs US dollar

At 9.17 am, the local note declined to 4.4090/4220 versus the greenback from Friday’s closing rate of 4.4000/4025. theSun theSundaly ringgit USA USdollar news Finance

: The ringgit opened easier against the US dollar on Monday amidst dovish market sentiments, which could affect the regional central banks’ stance on monetary policies, said an analyst.

Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said the ringgit should stay steady at around RM4.40 today, with an upside bias. “Support from China’s economy following the relaxation of COVID-19 measures since late last year would help underpin the Asian region’s tourism-related industries,” he said to Bernama.

“This suggests that the uncertainties over the global outlook have taken a toll on the Asian economy.

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