Ringgit ends marginally higher v dollar
An analyst says the ringgit moved in a tight range against the US dollar today. – The Malaysian Insight file pic, August 10, 2023
Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the ringgit moved in a tight range today versus the greenback. “Tonight, the focus will be on the US CPI, which is expected to increase slightly to 3.3% in July from 3% in the previous month, while the core CPI is likely to maintain at 4.8%,” he said.
SPI Asset Management managing partner Stephen Innes said the ringgit closed with little change as traders refrained from expressing a strong opinion in anticipation of the US CPI release.
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