Ringgit opens weaker against US dollar, rebound likely
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The ringgit opened lower against the US dollar at 4.7590/7625 compared to Tuesday's closing rate of 4.7570/7620. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid expects a rebound in the ringgit supported by an expected announcement from China on its economic boost. The ringgit also traded lower against a basket of major currencies, including the Japanese yen, euro, and British pound. However, it edged up against the Indonesian rupiah. The local note traded mostly lower against Asean currencies, including the Singapore dollar, Thai baht, and Philippine peso.



https://theedgemalaysia.com/node/700139