tags - Sinar Daily

Muhyiddin during his speech at Bersatu 5th Annual General Assembly 2022 held at Menara PGRM on Sunday. - PHOTO BY SINAR HARIAN/ROSLI TALIB

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.

Anthony Loke at RedQ - Bernama Pix

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.

Residents in Kampung Bekok near Segamat are seen returning to their homes to begin clean-up efforts after flood waters receded today. - 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).

Part of money got sprayed with inks

The ringgit rebounded after three consecutive trading days of losses to close higher against the US dollar today as strong China manufacturing data spurred risk-on sentiment.

Communications and Digital Minister Fahmi Fadzil - Photo: BERNAMA

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