Ringgit opens lower vs US$ ahead of US economic data

At 9am, the ringgit fell to 4.4035/4105 versus the US dollar.

At 9 am, the local note fell to 4.4035/4105 versus the greenback from last Friday’s closing rate of 4.3995/4035.

"Georgiva stated that robust global growth remains an uphill task due to higher interest rates and the ongoing war in Ukraine. He added that market players are also waiting for the US Consumer Price Index data, which will be released on Wednesday. "If the US Federal Reserve’s tone becomes more dovish, there is a chance that the ringgit could appreciate further. Otherwise, it might stay within the current range or even stage some correction," he said.

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Ringgit opens lower vs US dollar ahead of US economic dataAt 9 am, the local note fell to 4.4035/4105 versus the greenback from last Friday’s closing rate of 4.3995/4035. theSun theSundaily ringgit USdollar Currency Malaysia business
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