Business Insider

Forex

Ringgit closes higher against greenback

PETALING JAYA: The ringgit ended the day higher against the US dollar as market players await the United States consumer price index (CPI) data for March today, says an analyst.

At 6pm, the ringgit rose to 4.7455/7500 against the US dollar from yesterday’s closing of 4.7505/7545.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the headline and core CPI is expected to come in at 3.4% in March versus 3.2% in February and 3.7% in March versus 3.8% in February, respectively, based on estimates. — Bernama

Related Posts

FMC: Ongoing efforts to support sentiment on ringgit

PETALING JAYA: A sustained strengthening of the ringgit will spur greater interest for foreign exchange (forex) conversion by corporates with excess foreign currency holdings, according to the Financial Markets Committee (FMC).

Ringgit opens higher against US$, other major currencies

KUALA LUMPUR: The ringgit was slightly higher against the US dollar at the start of trading today and also rose versus a basket of other major currencies as well as Asean currencies on positive sentiment following Bank Negara Malaysia’s (BNM) statement on the local note’s valuation.