The ringgit opened higher against the US dollar and a basket of major currencies on Friday as investors awaited policy signals from the US Federal Reserve (Fed) at its Jackson Hole Economic Policy Symposium later in the day..

European Central Bank president Christine Lagarde said the US' plans for sector-specific levies on pharmaceutical goods and semiconductors remain unclear.

> Lagarde stated the US-EU trade deal eased, but "certainly not eliminated" global uncertainty, with effective US tariff rates at 12-16%.

> The ECB anticipates a slowdown in euro zone activity in Q3 2025, despite a strong start, attributing resilience to tariff-induced distortions.

> New ECB forecasts in mid-September will consider the EU-US trade deal's implications, following lowered inflation forecasts for 2025 to 2%.

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The US dollar was steady on Friday.

SINGAPORE: Japanese rubber futures fell on Wednesday, pressured by declining demand for tyres and accumulated inventories.

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The ringgit opened higher on Thursday as the US dollar weakened following the release of the Federal Open Market Committee (FOMC) minutes, an analyst said.