KUALA LUMPUR; The ringgit opened higher against the US dollar today as the greenback weakened following dovish comments from top US Federal Reserve (F...
The ringgit opened higher against the US dollar today as the greenback weakened following dovish comments from top US Federal Reserve officials about the interest rate outlook, said an analyst.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said some top Fed officials appeared to be guarded on further increases in US interest rates. “Having said that, the forex market remains guarded with the ongoing conflict between Israel and Palestine. In that sense, safe havens such as the US dollar will continue to thrive,“ he told Bernama.
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