Ringgit strengthens to 4.2930 against greenback as rate cut nears
Publish date: Tue, 17 Sep 2024, 08:39 AM
KUALA LUMPUR: The ringgit extended last Friday's gains, trading firmer against the US dollar and breaching the RM4.30 level at Tuesday's opening, driven by persistent buying interest amid expectations of a US interest rate cut, analysts said.
At 8.05 am, the local currency appreciated further to 4.2930/3030 against the greenback, compared to Friday's close of 4.2975/3050.
The market was closed on Monday, Sept 16, in observance of both Prophet Muhammad's birthday and the Malaysia Day public holiday.
- Bernama
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
Coffeewithshares
2
3
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
