Ringgit opens flat vs US dollar, rises against other major currencies

Publish date: Thu, 03 Oct 2024, 08:27 AM

KUALA LUMPUR: The ringgit opened almost flat against the US dollar today but rose versus other major currencies, as the greenback continued to strengthen amid rising geopolitical risks, an analyst said.

At 8 am, the local note stood at 4.1735/1985 against the greenback compared to yesterday's close of 4.1730/1790.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) continued to remain at elevated levels, rising by 0.48 per cent to 101.677 points on increased demand for the safe haven currency.



  - Bernama

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