Ringgit Extends Gains As US Dollar Slips On Trade Concerns

Quick Summary:

The ringgit opened stronger against the US dollar on Monday, extending its recent gains as the greenback weakened to a fresh three-year low amid ongoing US-China trade tensions.

At 8am, the ringgit stood at 4.4185/4270 against the US dollar, up 1.06% from last Friday’s close of 4.4200/4265.

It was largely unchanged against the Indonesian rupiah at 263.0/263.7 versus 263.1/263.6 previously, and flat against the Philippine peso at 7.75/7.77.

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Category: InvestingBusiness

Markets: MalaysiaChinaIndonesiaJapanSingapore

Topics: Markets Ringgit update

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 01:00:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

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