KUALA LUMPUR, May 29 — The ringgit opened lower against the US dollar due to the strengthening of the US dollar index but rose against other major currencies, according to an...
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At 9.01am, the ringgit eased to 4.6960/6995 versus the greenback compared to Tuesday’s close of 4.6890/6910. ― Picture by Miera ZulyanaKUALA LUMPUR, May 29 — The ringgit opened lower against the US dollar due to the strengthening of the US dollar index but rose against other major currencies, according to an analyst.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US dollar index rose 0.01 per cent to 104.606 points, as the United States Consumer Confidence Index increased more than expected to 102 points in May.
Opens Easier Vs US Dollar Firmer Vs Major Currencies
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