The local currency strengthens to 4.0720/4.0815 as investors track developments in the Strait of Hormuz.The local currency strengthens to 4.0720/4.0815 as investors track developments in the Strait of Hormuz.
Ringgit gains ground against US dollar amid geopolitical caution
For feedback or concerns regarding this content, please contact us at [email protected]
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Friday amid continued caution over vessel movements in the Strait of Hormuz as investors monitored geopolitical tension.
At 8am, the local currency strengthened to 4.0720/4.0815 against the US dollar from 4.0750/4.0795 at Thursday’s close.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the ringgit was also supported by yesterday’s Monetary Policy Committee (MPC) statement, which suggested that the Malaysian economy is on a stronger footing.
MORE TO COME
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Not a loophole: Singapore AI export controls let China tap US AI legally
American AI technology is reaching Chinese tech giants through a route that US export controls were never designed to close: Singapore. The city-state sits outside
Share
The Cryptonomist2026/07/10 14:46
Best Mobile User Retention Tools in 2026
Often, mobile apps lose their customers because the latter no longer visit them. Retention should be related to the behavioral signals. In this case, mobile tools
Share
Fintechzoom2026/04/02 18:06
Critical USDT0 Response to Drift Hack Exposes Stark Contrast in Stablecoin Security Protocols
BitcoinWorld Critical USDT0 Response to Drift Hack Exposes Stark Contrast in Stablecoin Security Protocols In a decisive security move that highlights evolving
Share
bitcoinworld2026/04/02 17:15
