Ringgit rises against US dollar in early trade on higher inflation print in the US

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Ringgit rises against US dollar in early trade on higher inflation print in the US
RinggitUS DollarMohd Afzanizam Abdul Rashid
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TOKYO (Reuters) - Japanese payments company Infcurion is planning an initial public offering in Tokyo in 2025 as the company looks to accelerate its growth including through mergers and acquisitions, its executives told Reuters.

KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday amid a higher-than-expected inflation print in the United States.

The US headline inflation came in at 2.4 per cent year-on-year in September against consensus estimates of 2.3 per cent. Similarly, core inflation rose by 3.3 per cent in September against consensus estimates of 3.2 per cent.

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