Ringgit higher v dollar in early trade
The ringgit opens higher against the US dollar on April 25, 2023 amid a weakening greenback against major currencies. – The Malaysian Insight file pic, April 25, 2023.
At 9.01am, the local note stood at 4.4260/4330 versus the greenback from last Thursday’s closing rate of 4.4350/4395. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US dollar Index was down as the US Federal Open Market Committee meeting meeting draws nearer. The next meeting is on May 3.
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