The local note also opened firmer against other Asean currencies. "As such, the local currency is expected to trade nearer to its immediate support level, which is located at RM4.6611 against the US dollar,” he told Bernama.Īt 9.21 am, the ringgit was traded higher versus a basket of major currencies. Mohd Afzanizam said the auction for 3-month and 6-month US Treasury drew a lower yield to 5.27 per cent and 5.23 per cent, respectively, suggesting that the bond markets are gradually pricing in a possible monetary stance by the US Federal Reserve. KUALA LUMPUR: The ringgit opened higher against the US dollar, benefiting from the greenback’s continuing weakness.īank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit remained well supported as the US Dollar Index (DXY) fell 0.43 per cent to 103.472 points.Īt 9.04 am, the ringgit traded at 4.6445/6500 versus the greenback compared with Monday’s close of 4.6655/6705.
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