Ringgit opens marginally higher against greenback
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The ringgit opened at 4.3485/3595 against the US dollar on September 3, 2024, slightly up from 4.3550/3600 the previous day; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted potential profit-taking due to recent ringgit appreciation; US rate cut expectations for September remain high, indicating a possible monetary easing cycle; US ISM manufacturing data to be released tonight, with expectations of improvement from July's 46.8 to August's 47.5; The ringgit also strengthened against major currencies including the Japanese yen, euro, and British pound.

#Ringgit #UsDollar #Economy #Malaysia #CurrencyExchange #Banking #Finance #MarketAnalysis #EconomicData #MonetaryPolicy

https://www.nst.com.my/business/economy/2024/09/1100440/ringgit-opens-marginally-higher-against-greenback 

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