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.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....