Ringgit Strengthens Against USD Amid Mixed Global Cues
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Insights by Echo AI
The ringgit opened higher against the USD on Monday, driven by weak US non-farm payrolls data, which missed market estimates. The ringgit strengthened against the yen and euro, weakened against the pound, and traded mixed against regional currencies. On Tuesday, the ringgit opened slightly higher against the USD, despite expectations of a US interest rate hike. It traded within a narrow range, influenced by global uncertainty and anticipation of Malaysia's Budget 2027.
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