The local note rises to 4.4085/4.4210, triggered by a dramatic plunge in the US Dollar Index.
KUALA LUMPUR: The ringgit opened firmer against the US dollar on Monday, extending its positive momentum, propelled by mounting expectations of a US Federal Funds Rate cut, which triggered a dramatic plunge in the US Dollar Index (DXY).
At 8am, the local note further appreciated to 4.4085/4.4210 against the greenback from 4.4110/4.4145 at Friday’s close.
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