Ringgit holds steady against US dollar but gains on euro, pound and yen at open
KUALA LUMPUR, Nov 12 — The ringgit opened little changed against the US dollar on Thursday as investors assessed t...
On November 12, the Malaysian ringgit maintained its position relative to the US dollar, holding steady at 4.0705/0770 at 8 am, compared to Wednesday's close of 4.0710/0745. Analysts attributed the stable greenback to hawkish signals from US Federal Reserve officials, following the release of October's Consumer Price Index, which exceeded market expectations.
Despite hovering below $100 per barrel, Brent crude oil prices did not significantly impact the currency's stability. The ringgit also strengthened against major currencies, appreciating against the euro, British pound, and Japanese yen, while trading higher against Asean peers such as the Thai baht, Singapore dollar, and Indonesian rupiah. The Philippine peso saw little change against the local currency at 6.43/6.45.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.