Ringgit easier against US dollar at opening on strong US economy

KUALA LUMPUR (April 8): The ringgit eased against the US dollar on Thursday after the US Federal Reserve indicated that the US economy will continue improve, boosting the greenback.

However, the positive vibe in the local bond market is cushioning the ringgit, and it was traded mostly higher versus other major currencies at the opening bell today.

At 9.01am, the local unit stood at 4.1350/1410 against the US dollar from 4.1300/1330 at Wednesday’s close.-The Edge Market