RM opens higher against USD

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NSTbusiness: An analyst said the ringgit improved after BNM came out with a statement yesterday saying it is closely monitoring conditions in the financial markets, following the latest developments on the country’s political landscape.

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At 9 am, the local note was trading at 4.2170/2220 against the greenback from Monday’s close of 4.2240/2270.

“While the ringgit movements will continue to be market-determined, BNM’s market operations will ensure sufficient liquidity and orderly financial market conditions,” said the central bank in a statement. On the external front, AxiCorp chief market strategist Stephen Innes said the trajectory of Asian currencies remained unclear amid continuing COVID-19 cases, increasing global fear factor.

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 /  🏆 17. in MY
 

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