The local note strengthens to 4.0455/4.0550 as crude oil prices fall on Strait of Hormuz reopening hopes.The local note strengthens to 4.0455/4.0550 as crude oil prices fall on Strait of Hormuz reopening hopes.
Ringgit opens higher on US Fed rate-hold expectations
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
KUALA LUMPUR: The ringgit opened higher against the US dollar on expectations that the US Federal Reserve (Fed) will keep the interest rate unchanged amid easing inflation concerns and lower US Treasury yields.
At 8am, the local note strengthened to 4.0455/4.0550 against the greenback from yesterday’s close of 4.0485/4.0525.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said crude oil prices continued to decline as expectations grew over a possible peace agreement between the US and Iran on June 19, which could pave the way for the reopening of the Strait of Hormuz.
MORE TO COME
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
33 Best Things To Do In Bali (2026): Islands & Temples
For beach clubs & waterfalls 🏄 The post 33 Best Things To Do In Bali (2026): Islands & Temples appeared first on YouTrip Singapore.
Share
You2026/06/16 10:01
Bank Negara Malaysia luluskan BJAK
Syarikat itu berkata status berkenaan mencerminkan komitmennya menyediakan perkhidmatan perbandingan dan pembaharuan insurans yang lebih telus, selamat serta memudahkan
Share
Free Malaysia Today2026/06/16 10:00
Saudi coach Donis laments lack of time with squad after Uruguay fightback
Georgios Donis replaced Herve Renard in late April and their Group H opener at Miami Stadium was his first competitive game with the team.
Share
Free Malaysia Today2026/06/16 10:24
