KUALA LUMPUR: The ringgit opened firmer on Friday at around RM4.10 to the US dollar, with improving fiscal conditions supporting investor sentiment toward the local currency.
At 8 am, the ringgit strengthened to 4.1065/1155 against the greenback from Thursday’s close of 4.1115/1165.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit has remained resilient despite US data pointing to a steady labour market.
more to come
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