tags - Sinar Daily

Joe Biden

The ringgit opened marginally higher against the US dollar today, recovering from its sharp fall yesterday after the US dollar surged due to the likelihood of the United States (US) Federal Reserve (Fed) raising the interest rate.

The ringgit opened marginally higher against the US dollar today as the greenback took a breather following a small pullback in Treasury yields yesterday and ahead of the United States Fed's Semiannual Monetary Report to Congress.

The EPF Board today announced a dividend rate of 5.35% for Simpanan Konvensional, with a total payout of RM45.44 billion and 4.75% for Simpanan Syariah with a total payout of RM 5.70 billion bringing the total payout amount for 2022 to RM 51.14 billion - BERNAMA

The ringgit opened lower against the US dollar on Friday on better demand for the greenback due to a more hawkish stand by the United States Federal Reserve (Fed).

The ringgit continued its downtrend against the US dollar to close lower today as investors flocked to safe-haven assets amid worries over the global interest rate outlook. - Photo: 123RF

Fahmi.

The ringgit has improved against the US dollar this morning, ahead of the release of the United States Federal Open Market Committee meeting minutes data. - Photo: 123RF

Ringgit has continued to depreciate against the US dollar for the second consecutive day amidst persistent buying support for the safe-haven greenback. - Photo: 123RF

Photo for illustration purposes only