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Ringgit opens higher versus US dollar as tariff uncertainities linger
The ringgit opened higher against the US dollar on Thursday, but trading remained range-bound as traders continued to monitor uncertainties surrounding US tariff policies.
The ringgit opened higher against the US dollar on Thursday, but trading remained range-bound as traders continued to monitor uncertainties surrounding US tariff policies.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid highlighted that the US Dollar Index (DXY) had dropped 0.83 per cent to 99.380 points.
At 8 am, the local currency rose 0.20 per cent to 4.3960/4080 versus the greenback, compared to Wednesday's close of 4.4085/4135.
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