Malaysian Ringgit Strengthens at Open as Crude Oil Prices Ease

Afua Osei

The Malaysian ringgit opened stronger against the US dollar on Friday, according to The Star, which attributed the move to easing crude oil prices. The report links the currency's gain to reduced conc

BusinessToday Malaysia also reported the ringgit's rise, describing the same cooling of West Asian oil fears as a driver. The Star's headline and BusinessToday's coverage point to the same session and

The currency's direction has been uneven across recent sessions. Bernama reported that the ringgit had ended lower against the US dollar in an earlier session as investors waited for the Federal Reser

Attention is now on Malaysian interest rate expectations. KLSE Screener reported that bets on an increase in the Overnight Policy Rate rose following the Fed's move. That coverage does not specify wha

![ringgit](https://images.pexels.com/photos/16055842/pexels-photo-16055842.jpeg?auto=compress&cs=tinysrgb&fit=crop&h=627&w=1200)

The Star's Friday report does not include the ringgit's opening level, its percentage change, or the specific oil price figures behind the move. It also does not name the West Asian developments invol

What to watch next: whether the ringgit holds its opening gains through Friday's session, and whether Bank Negara Malaysia signals any change to the Overnight Policy Rate.

Read the Full Article

The ringgit opened higher against the US dollar on Friday as softer oil prices cooled West Asian supply concerns, The St

Read on CYBEV