The Star·2 min read·medium
Ringgit opens higher as weaker US data weighs on dollar
T
The Star Online
✦AI Summary
The Malaysian ringgit opened higher against the US dollar due to weaker-than-expected US economic data, including slower GDP growth and moderating inflation in the second quarter of 2026. An analyst noted that this data supports the US Federal Reserve's decision to keep its benchmark interest rate unchanged, causing the US Dollar Index (DXY) to fall below 100 points. The ringgit's performance against other major and regional currencies was mixed.
KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as the greenback weakened following softer United States (US) economic data, an analyst said.
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