Ringgit opens flat v dollar
The US dollar declines as investors await the release of the United States Consumer Price Index July data today. – The Malaysian Insight file pic, August 10, 2023.
At 9.05am, the local note stood at 4.5710/5760 against the greenback compared with 4.5705/5755 at yesterday’s close. “From the macroeconomic point of view, investors are likely to be waiting for the release of US inflation data for further direction. Meanwhile, Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said China’s economic situation is currently in the spotlight, as data indicates that the country is facing challenges in achieving substantial growth in 2023.
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