Ringgit opens higher against US dollar as US-China trade tensions ease

Quick Summary:

KUALA LUMPUR: The ringgit opened higher against the US dollar today, as easing US-China trade tensions brought relief to the financial markets, reducing recession fears and boosting risk-on sentiment among the traders and investors, an analyst said.

It was up against the Japanese yen at 2.9179/9319 from 2.9181/9227 at Tuesday's close, but fell vis-a-vis the euro to 4.8146/8370 from 4.7961/8033 and lower versus the British pound at 5.7258/7524 from 5.7056/7142 previously.

At the opening,  the ringgit traded mostly lower against a basket of major currencies.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSingapore

Topics: Forex Ringgit Mohd Afzanizam Abdul Rashid /Business/Business News US tariffs US dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 09:21:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 496 words

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Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 28693622

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