Ringgit Strengthened Against US Dollar Amid Positive Market Sentiment

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ECONOMY Nouvelles

Ringgit,US Dollar,Global Market Sentiment

Malaysian ringgit opened higher against the US dollar today, driven by renewed buying interest post-Thanksgiving holidays. The currency also showed strength against other major currencies, with the US Dollar Index seeing a slight decline.

KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade today amid renewed buying interest, with investors flocking towards the local currency following the Thanksgiving holidays in the United States .

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the US Dollar Index has also declined from last week’s level of 107.55, hovering around 106 points.

 

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