Ringgit extends gain to open higher against US dollar

Tengku Zafrul says will seek to ‘correct errors’ in Zahid’s affidavit backing Najib’s bid for house arrest order

At 9.00am, the local currency rose to 4.7850/7885 versus the US dollar from yesterday’s closing of 4.7910/7950. “This is lending support that the European Central Bank might cut their policy rate sooner rather than later. On that note, the ringgit will likely remain in a narrow range today as the US dollar remains a standout against other major currencies, especially on the interest rate outlook which favours the greenback,” he told Bernama.It eased against the euro to 5.1056/1093 from 5.0981/1024 at yesterday’s close, slipped vis-a-vis the Japanese yen to 3.1013/1038 from 3.

Ringgit Opening

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