Ringgit opens higher at 4.386 against US Dollar
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The ringgit opened at 4.3860 against the US dollar on November 8, 2024, after the US Federal Reserve cut interest rates by 25 basis points during its FOMC meeting on November 7. The Fed Funds Rate now ranges between 4.50% and 4.75%. Bank Muamalat Malaysia Bhd's chief economist, Dr. Mohd Afzanizam Abdul Rashid, noted the Fed's decision amid uncertainties regarding President-elect Donald Trump's policies. The ringgit appreciated from the previous close of 4.4020/4065. The 10-year US Treasury yield dropped to 4.31%, and the US Dollar Index eased to 104.508 points. The ringgit weakened against the British pound, Japanese yen, and euro but rose against the Philippine peso and Indonesian rupiah.

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https://www.nst.com.my/business/economy/2024/11/1131344/ringgit-opens-higher-4386-against-us-dollar