Ringgit opens higher against major currencies, flat vs US$
The Malaysian ringgit opened higher against most major currencies but remained flat against the US dollar on Friday. Investors are awaiting the release of Malaysia's second-quarter GDP estimates, which are expected to show solid growth.
Why it matters
Economic indicators like GDP growth are critical for currency valuation and investor confidence in emerging markets.
KUALA LUMPUR: The ringgit opened higher against most major currencies but was flat against the US dollar on Friday, as investors remained cautious ahead of the release of Malaysia’s advance estimate for the second quarter (2Q) gross domestic product (GDP) today, an analyst said.
The report is a standard financial news update based on market data and expert economic projections.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in