The ringgit appreciates to 4.4040/4100 versus the greenback from yesterday’s close of 4.4050/4084. – The Malaysian Insight file pic, January 4, 2023.
THE ringgit opened slightly higher against the US dollar today, despite market uncertainty over the US Federal Reserve’s upcoming interest rate decision, dealers said. At 9am, the local note appreciated to 4.4040/4100 versus the greenback from yesterday’s close of 4.4050/4084. SPI Asset Management managing partner Stephen Innes told Bernama the old problems going into the new year continued to influence the broader markets, specifically uncertainty around the Fed’s terminal rate and whether the world would fall into a recession. – Bernama, January 4, 2023.
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