The local currency, Malaysian Ringgit surged to a 10-month high against the US Dollar after a softer CPI print of United States.
Market participants are expecting softer interest rate hikes in the United States as the latest US inflation data trended downward.
At opening, the local currency appreciated by 270 basis points to 4.3300/3350 against the greenback, a level last seen in April 2022, from Thursday’s close of 4.3570/3615.
