KUALA LUMPUR, Jan 3 — The ringgit opened marginally easier against the US dollar on the first trading day of 2022 amid easing concerns over the Covid-19 Omicron variant, said analysts.
According to MIDF Research, although the ringgit closed higher on Friday, with the strongest level in 1.5 months, also drawing support from the increase in oil prices, the local note ended the year -3.5 per cent weaker as growing expectations for policy changes by the US Fed Reserve drove higher demand for the greenback.AmBank Research, in a note, said the ringgit is expected to trade between its support level of 4.1595 and 4.1625, while its resistance is pinned at 4.1755 and 4.1885.
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