KUALA LUMPUR: The ringgit eased against the US dollar at the opening today, taking a breather from recent gains as markets assessed the US Federal Res...
: The ringgit eased against the US dollar at the opening today, taking a breather from recent gains as markets assessed the US Federal Reserve’s latest stance, which was seen as mildly dovish yet cautious.
“Although US Treasuries experienced fluctuations yesterday, initially declining before rebounding, they ultimately closed unchanged, indicating a lack of immediate strong signals for capital flows that could significantly influence the ringgit’s movement,” he told Bernama. “Should risk sentiment deteriorate, investors may gravitate towards safe-haven assets like the US dollar, which could exert additional pressure on the ringgit,” he said.
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