KUALA LUMPUR: The ringgit opened firmer at RM4.11 level against the US dollar this morning as markets priced in higher odds of United States (US) monetary easing next week.
At 8am, the ringgit was trading at 4.1100/1200, up from Wednesday’s close of 4.1200/1235.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index fell 0.48 per cent to 98.880, reflecting growing expectations of a Federal Reserve rate cut next week.
More to come
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