Ringgit opens flat against US dollar
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The ringgit opened flat at 4.4450/4750 against the US dollar on November 14, 2024, despite a higher US dollar index (DXY) at 106.58 points following the US Consumer Price Index report. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted a drop in two-year US Treasury yields to 4.28% amid expectations of interest rate cuts in December. The ringgit appreciated against the British pound, Japanese yen, and euro, while it rose against the Thai baht and Singapore dollar but weakened against the Philippine peso and Indonesian rupiah.
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https://www.nst.com.my/business/economy/2024/11/1134168/ringgit-opens-flat-against-us-dollar
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