Business

Ringgit opens slightly higher against US dollar amid risk-on mode

Bursa Malaysia on positive note taking cue from Wall Street performance overnight

Updated 3 years ago · Published on 09 Dec 2022 9:38AM

Ringgit opens slightly higher against US dollar amid risk-on mode
At 9am, the ringgit rose to 4.3925/3985 against the US dollar from 4.3960/4000 at yesterday’s close. – AFP pic, December 9, 2022

KUALA LUMPUR – The ringgit opened slightly higher against the US dollar today as the greenback retreated amidst risk-on mode, which saw United States equities improving despite the absence of a fresh catalyst.

Market players are now awaiting the US Federal Reserve and the European Central Bank monetary policy decisions next week for market direction, an analyst said.

At 9am, the local note rose to 4.3925/3985 against the US dollar from 4.3960/4000 at yesterday’s close.

Meanwhile, Bursa Malaysia opened on a positive note today, taking its cue from the positive Wall Street performance overnight.

At 9.18am, the benchmark FTSE Bursa Malaysia KLCI gained 4.78 points to 1,470.71 from yesterday’s closing of 1,465.93. The market bellwether opened 1.97 points higher at 1,467.90.     

On the broader market, gainers outpaced losers 246 versus 143, while 267 counters were unchanged, 1,599 untraded and 12 others suspended. – Bernama, December 9, 2022

Related News

Business / 3mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Business / 4mth

Ringgit retreats to 4.00 versus the US Dollar amid West Asia ceasefire uncertainties

Business / 5mth

BNM ensures orderly financial markets amid global uncertainties

Malaysia / 5mth

Middle East conflict: Brace for more expensive imports - Tengku Zafrul

Malaysia / 5mth

Two factors contributed to lower EPF dividends this year – CEO

Places / 8mth

Planning a year-end break? The Land of the Rising Sun beckons

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Business

Appellate Court rejects Ricky Wong’s appeal, upholds RM169.2m asset freeze

Business

Oil holds above US$82 as Trump demands cloud Strait of Hormuz reopening

Business

Jobless numbers rise despite unemployment rate holding at 3% - DOSM

Business

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert