Ringgit opens higher against US dollar for eight consecutive trading days
KUALA LUMPUR: The ringgit opened higher against the US dollar for the eighth consecutive trading day today, reflecting continued positive momentum in the local currency at the start of trading.
KUALA LUMPUR: The Malaysian ringgit opened at 4.0855/0915 against the US dollar today, marking the eighth consecutive day of gains, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. The optimism in the financial market, fueled by the artificial intelligence (AI) theme, is driving global equities, providing support for the local currency.
Analysts expect the ringgit to continue trading within a narrow range, as traders monitor external developments to determine their next move. The currency is projected to fluctuate between RM4.07 and RM4.08 against the US dollar throughout the day.
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- Ringgit extends gains for eighth straight trading day, opens at 4.0855 against US dollar malaymail.com
- Ringgit rises against US dollar for eighth straight day freemalaysiatoday.com
