tags - Sinar Daily

The ringgit improved versus the US dollar in early trade on Tuesday amid hopes for an agreement on raising the US debt ceiling.

Move Forward Party leader and prime ministerial candidate Pita Limjaroenrat addresses the party's final campaign event in Bangkok on May 12, 2023, ahead of Thailand's May 14 general election. (Photo by Jack TAYLOR / AFP)

Akhmal says they may not necessarily accept all resolutions but will sit down together to evaluate and finalise them at the convention

The ringgit snapped its three-day losing streak to open higher against the US dollar in the early session today as the greenback softened following a lower-than-expected US April CPI data released last night.

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The ringgit opened higher against the US dollar on Friday, buoyed by the increase in OPR to 3.00 per cent, but the ringgit-dollar pair is projected to trade in a narrow range as risk-off mode leads to increased demand for the greenback.

The ringgit opened lower against the US dollar today, weighed by a stronger greenback on renewed interest for safe haven currencies, an analyst said.

The ringgit opened higher against the US dollar on Tuesday amid a weakening greenback against major currencies.

Smoke billows out from a forest fire on a mountain-side in Nakhon Nayok province, northeast of Bangkok on March 31. - The European Parliament adopted on Wednesday a law that bans the export of products contributing to deforestation, reported Anadolu.

The ringgit rose against the US dollar in the early session today as the United States Federal Reserve officials continued their hawkish stance, favouring another 25 to 75 basis points interest rate hike in the near term.