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Ringgit strengthens against US dollar amid tariff shock impact
The ringgit continued to strengthen against the US dollar at the opening today, driven by the tariff shocks which is expected to take a negative toll on the US economy, an analyst said.
The ringgit continued to strengthen against the US dollar at the opening today, driven by the tariff shocks which is expected to take a negative toll on the US economy, an analyst said.
At 8.04 am, the local note rose to 4.2100/2410 versus the greenback from Friday's close of 4.2285/2345.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the recent legislation passed by the House of Representatives involving tax cut measures are set to increase the fiscal deficit and government debt level.
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