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Ringgit opens easier against US dollar, market uncertainty persists
The ringgit opened lower against the US dollar due to a lack of buying interest, as market uncertainty persists following US President Donald Trump's global reciprocal tariffs.
The ringgit opened lower against the US dollar due to a lack of buying interest, as market uncertainty persists following US President Donald Trump's global reciprocal tariffs.
At 8.09 am, the ringgit depreciated to 4.4485/4765 against the greenback from last Friday's close of 4.4335/4400.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said currency markets are likely to remain volatile with weak sentiment following the Trump administration's sweeping tariff announcement last week.
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