The ringgit opened higher against the US dollar on Thursday as the greenback tracked the US Dollar Index, which remained below the 100-point mark.<\/p>\n
At 8am, the ringgit strengthened to 4.1255\/1395 versus the US dollar from Wednesday’s close of 4.1360\/1385.<\/p>\n
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said growing expectations of a US Federal Funds Rate cut in December were weighing on the greenback.<\/p>\n
“Talk of the next US Federal Reserve chairman in 2026 also seems to support the US rate-cut narrative. As such, expect the ringgit to oscillate around RM4.12 to RM4.13 today,” he told Bernama.<\/p>\n
At the opening, the ringgit was mixed against a basket of major currencies.<\/p>\n
It firmed against the yen to 2.6405\/6496 from 2.6438\/6456 at Wednesday’s close, weakened against the British pound to 5.4638\/4824 from 5.4492\/4525, and edged lower against the euro to 4.7864\/8026 from 4.7862\/7891.<\/p>\n
The local note also traded higher against Asean currencies.<\/p>\n
It rose against the Singapore dollar to 3.1823\/1933 from 3.1847\/1869 on Wednesday and strengthened against the Thai baht to 12.8022\/8556 from 12.8308\/8433.<\/p>\n
It also appreciated against the Indonesian rupiah to 247.5\/248.5 from 248.2\/248.4 and was higher vis-\u00e0-vis the Philippine peso at 7.01\/7.03 from 7.02\/7.03 previously.<\/p>","protected":false},"excerpt":{"rendered":"
The ringgit opened higher against the US dollar on Thursday as the greenback tracked the US Dollar Index, which remained below the 100-point mark. At 8am, the ringgit strengthened to 4.1255\/1395 versus the US dollar from Wednesday’s close of 4.1360\/1385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said growing expectations of […]<\/p>","protected":false},"author":2,"featured_media":1815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/posts\/1814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/comments?post=1814"}],"version-history":[{"count":1,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/posts\/1814\/revisions"}],"predecessor-version":[{"id":1816,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/posts\/1814\/revisions\/1816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/media\/1815"}],"wp:attachment":[{"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/media?parent=1814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/categories?post=1814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elitecommunicationpr.com\/zh\/wp-json\/wp\/v2\/tags?post=1814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}