Ringgit opens higher against major currencies, lower versus greenback
KUALA LUMPUR: The ringgit opened higher against a basket of major currencies, but slightly lower against the US dollar on Thursday, weighed by strong US economic data that supported the greenback.
The ringgit opened higher against a basket of major currencies but slightly lower against the US dollar on Thursday. At 8am, it edged down to 4.0790/4.0860 against the US dollar from Wednesday’s close of 4.0785/4.0820.
According to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam, also reported as Afzanizam Rashid by Free Malaysia Today, the US final gross domestic product for the second quarter of 2026 came in at 2.2 per cent, above the consensus estimate of 1.5 per cent. The US Dollar Index initially fell before recovering.
The ringgit is expected to trade between RM4.08 and RM4.09 today, ahead of the release of US non-farm payrolls data on Friday, according to Afzanizam, as reported by Free Malaysia Today.
Brief written by urgent.news from New Straits Times, Free Malaysia Today — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Ringgit opens higher against major currencies, slightly lower vs US dollar freemalaysiatoday.com
