Ringgit opens firmer v dollar, major currencies | The Malaysian Insight

📆 7/27/2023 5:44 AM
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Ringgit opens firmer v dollar, major currencies

An economist predicts the local note will stay around the RM4.54 level versus the US dollar today. – The Malaysian Insight file pic, July 27, 2023.）

At 9am, the local note rose to 4.5240/5290 against the greenback compared with 4.5470/5505 at yesterday’s close. According to reports, the US Dollar Index eased by 0.32% to 101.02 points, while the two-year US Treasury yield slipped by 2 bps to close at 4.85%. “We believe this should provide support for the US dollar/ringgit. Perhaps today the ringgit would linger around RM4.54 level versus the dollar,” he told Bernama.

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