Ringgit opens slighly higher against dollar
The ringgit continues its upward momentum to open marginally higher against the US dollar today. – The Malaysian Insight file pic, July 3, 2023.
At 9am, the local unit rose to 4.6615/6650 versus the greenback compared to 4.6635/6705 at last Friday’s close. Mohd Afzanizam said the focus this week would be on BNM’s Monetary Policy Committee meeting on July 6, in which he believed that the overnight policy rate would be maintained at 3%. He also expected local risk sentiment to ride the positive wave of Wall Street optimism last Friday, which should be good for the ringgit. Meanwhile, the ringgit was traded lower against a basket of major currencies.
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