tags - Sinar Daily

For illustration purpose

The ringgit opened slightly higher against the US dollar on Tuesday after the release of US ISM manufacturing purchasing managers' index which came in lower than expected at 46.0 points in June, said an economist.

Image for illustrative purposes only. - FILE PIX

Photo for illustrative purpose only - FILE PIX

The ringgit will likely trade in a cautious mode next week with investors eyeing updates on the global economic performance.

Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40.Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40. Photo for illustrative purposes only - 123RF

The most active gold contract for August delivery fell US$4.30, or 0.22 per cent, to close at US$1,917.90 per ounce. Photo for illustrative purposes only - 123RF

Photo for illustrative purposes. - File PIX

Two indicators that have led to the prediction, which are the US Conference Board’s leading economic index and the shape of the yield curve in the US Treasury. - AFP PIX

The ringgit extended its gains to open higher this morning, amidst positive developments in the Asian foreign exchange (forex) market.