tags - Sinar Daily

Domestic demand and confidence in households and firms have also subsided based on business sentiment indicators shown in the RAM Index and Purchasing Managers’ Index (PMI) due to uncertainty. - Photo: 123RF

Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC on May 30, 2025. - (Photo by ALLISON ROBBERT / AFP)

The ringgit opened lower against the US dollar in early trade today due to the lack of interest.

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 local financial market remains on a solid footing because large parts of the country’s investors are confined within the official institutions, pension funds, insurance companies and asset management companies.

US President Joe Biden leaves the Holy Trinity Catholic Church in the Georgetown neighborhood of Washington, DC, June 2, 2023. - Pic by AFP

Rafizi. Bernama FILE PIX

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The drop in ringgit value situation is caused by the United States' policy, not because Malaysia does not have a full-time Finance Minister, says Prime Minister Datuk Seri Anwar Ibrahim. - Photo: BERNAMA

The ringgit's value will continue to decline amidst the uncertainty in the global market