Ringgit opens higher against greenback, most regional peers
The Malaysian ringgit opened higher against the US dollar, bolstered by easing geopolitical tensions in West Asia and shifting crude oil prices. The currency also saw mixed performance against other major global and regional currencies.
Why it matters
Currency fluctuations impact international trade and the cost of imports for the Malaysian economy.
KUALA LUMPUR: The ringgit opened higher against the US dollar and was mostly firmer against regional peers on Friday amid easing geopolitical tensions in West Asia, which lifted sentiment towards the local note.
The report is a standard financial news summary based on market data and expert economic commentary.
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