At 9 am, the local note rose to 4.3995/4035 versus the greenback from Wednesday’s closing rate of 4.4065/4120. theSun theSundaily ringgit Currency USDollar business
: The ringgit opened higher against a weaker US dollar on Thursday, following the release of the United States inflation data, said an analyst.
Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index fell 0.67 per cent to 101.52 points as the headline consumer price index -- a key gauge of inflation -- came in lower at 5.0 per cent year-on-year against consensus’ estimate of 5.2 per cent.“The latest print for the US CPI is ringgit positive as thoughts of a pause by the Federal Reserve has gained momentum, thus the ringgit could possibly trade between RM4.39 and RM4.
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