Ringgit opens higher against US dollar ahead of key Fed interest rate decision

Merzsam Singkee
Wed, 19 Mar 2025 05:59:51 +0000
Business, bank negara malaysia, Malaysia currency forecast, Malaysian economy, Malaysian ringgit outlook

MALAYSIA: The Malaysian ringgit opened higher against the US dollar on Wednesday (March 19) as markets await the US Federal Reserve’s latest interest rate decision, with a dovish stance expected from the central bank. At 8 am, the ringgit strengthened to 4.4405/4.4480 (S$1.3347/1.3369) against the dollar, compared to Monday’s close of 4.4450/4.4490. According to Bank …