KUALA LUMPUR – The ringgit opened stronger against the US dollar on Friday, due to weaker US Dollar Index (DXY) amid mixed economic data, said an analyst.
At 8 am, the local note rose to 4.2575/2860 against the greenback from Thursday’s close of 4.2705/2765.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY remained below the 100-point level while the economic data was fairly mixed. – May 23, 2025