Ringgit opens marginally higher amid cautious trading

 

KUALA LUMPUR: 

The ringgit opened marginally higher against the US dollar on Monday amid cautious trading ahead of the US government’s import tariff imposition on Canada and Mexico as well as China.

At 8am, the ringgit improved to 4.4595/4.4650 versus the greenback from 4.4600/4.4650 at Friday’s close.

The 25% tariffs on Canada and Mexico are scheduled to take effect on Tuesday, while the 10% tariff on China is expected to be enforced by March 4. - FMT

More to come