Ringgit opens weaker v dollar
The ringgit weakens to 4.4920/4970 versus the US dollar this morning from Friday’s closing rate of 4.4765/4835. – The Malaysian Insight file pic, May 15, 2023.
At 9am, the local note weakened to 4.4920/4970 versus the greenback from Friday’s closing rate of 4.4765/4835. “The US debt ceiling meeting, which is supposed to happen this week, will also be closely monitored to see if the debt limit will be lifted in June,” he said.Afzanizam also noted that data points are indicating moderating growth and a disinflationary trend.
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