The local note opens steady at 3.9650/3.9750, with the potential to appreciate further amid a weaker US dollar.
KUALA LUMPUR: The ringgit steadily opened at 3.96 against the US dollar this morning, amid talks of possible currency intervention by the United States and Japanese authorities intensified.
At 8am opening, the ringgit traded at 3.9650/3.9750, compared with yesterday’s close of 3.9615/3.9670, last seen at this level in May 2018.
Bank Muamalat Malaysia chief economist Afzanizam Rashid said the ringgit could appreciate further today in light of the weaker US dollar. - FMT
MORE TO COME
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