Ringgit opens higher against US dollar ahead of BNM’s annual report

Ringgit opens higher against US dollar ahead of BNM’s annual report

THE ringgit opened higher against the US dollar on renewed demand for the local currency ahead of Bank Negara Malaysia’s (BNM) annual report on March 29 and the release of US consumer confidence data later today, said an analyst.

At 9 am, the local note bounced to 4.3850/3900 versus the greenback compared with Monday’s closing rate of 4.4190/4240.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said markets are waiting for BNM’s view on the banking crisis that hit Silicon Valley Bank and Signature Bank in the United States, as well as global lenders Credit Suisse and Deutsche Bank.

Read the full story

It's better on the Lumi News app

✅ It’s fast

✅ It’s easy to use

✅ It’s free

Start using Lumi
You might like ⬇️
MONEY THOUGHTS: A smattering of unpleasant facts
New Straits Times

New Straits Times

MONEY THOUGHTS: A smattering of unpleasant facts

How to avoid scams when booking online travel
FMT News

FMT News

How to avoid scams when booking online travel

LIMA‘23 makes roaring comeback with RM7.5b worth of MoUs, commercial contracts — Loke
The Malaysian Reserve

The Malaysian Reserve

LIMA‘23 makes roaring comeback with RM7.5b worth of MoUs, commercial contracts — Loke

news-stack-on-news-image

Why read with Lumi?

Staying informed is hard work. Use the Lumi News app to get the latest news from publishers you like, in a beautiful app. Save time and find delight in news-reading again.

Trending right now

Loading...