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Ringgit opens flat against US dollar on cautious sentiment

Cover Image for Ringgit opens flat against US dollar on cautious sentiment

The local unit stood at 4.2215/4.2420 as traders awaited US Fed chair Jerome Powell’s policy guidance.

KUALA LUMPUR: The ringgit opened flat against the US dollar on Wednesday, amid cautious market sentiments ahead of the US Federal Reserve chair, Jerome Powell’s Jackson Hole speech this Friday.

At 8am, the local note stood at 4.2215/4.2420 from yesterday’s close of 4.2215/4.2255.

Tags:asian currenciescautious market sentimentFed interest ratesFed policy outlookforex Malaysiaforex market updatesjackson hole meetingJerome Powell speechMalaysia currencyMalaysia economy


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