Ringgit opens higher against US dollar ahead of OPR decision
KUALA LUMPUR: The ringgit opened higher against the US dollar on Thursday as investors awaited Bank Negara Malaysia’s Monetary Policy Committee (MPC) decision on the overnight policy rate (OPR) later today.
The ringgit opened higher against the US dollar on Thursday, as investors awaited the Bank Negara Malaysia's Monetary Policy Committee (MPC) decision on the overnight policy rate (OPR). At 8am, the local currency rose to 4.0385/0455 against the greenback from Wednesday's close of 4.0435/0475. Analysts expect the MPC to keep the policy rate unchanged at 2.75 per cent, with the US Dollar Index falling 0.12 per cent to 99.555 points ahead of the US nonfarm payrolls data due on Friday.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
