Ringgit opens firmer against dollar
The ringgit has opened slightly higher against the US dollar after the release of the United States ISM Purchasing Managers’ Index, which came in lower than expected at 46.0 points in June. – The Malaysian Insight file pic, July 4, 2023.
At 9am, the local unit rose marginally to 4.6635/6670 versus the greenback compared to 4.6640/6690 at yesterday’s close. “US manufacturing continues to exhibit further weaknesses in June. The index has been below the 50-point demarcation line for eight months in a row since November last year, indicating that manufacturers had become pessimistic in the first half of 2023.
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