Oddbean

Ringgit opens almost flat vs US dollar, mixed vs major currencies ========== The ringgit opened almost flat against the US dollar on Monday, standing at 4.6550/6610 against the greenback from last Friday's close of 4.6550/6605. The short-term outlook for the ringgit remains promising as the anticipation of a United States rate cut gains momentum. The market is also monitoring the Bank of Japan's next move as it embarks on a quantitative tightening path. Meanwhile, the ringgit traded mixed against ASEAN currencies, easing against the Singapore dollar and weakening against the Thai baht. The local currency appreciated against the euro and was marginally higher vis-a-vis the British pound. It remained flat against the Indonesia rupiah and the Philippines' peso. #Ringgit #UsDollar #ExchangeRate #BankOfJapan #AseanCurrencies https://www.nst.com.my/business/economy/2024/07/1083162/ringgit-opens-almost-flat-vs-us-dollar-mixed-vs-major-currencies