The ringgit opened stronger against the US dollar on June 19, rebounding from the previous session’s sharp decline as investors remained cautious following the US Federal Reserve’s latest policy decision.
At 8am, the local currency strengthened to 4.1130/1225 against the greenback compared to its close of 4.1145/1195 on June 18.
The ringgit also firmed broadly against major currencies at the open. It rose against the Japanese yen to 2.5504/5564, strengthened versus the euro to 4.7135/7244, and gained against the British pound to 5.4304/4429.
Across regional markets, the ringgit traded higher against most peers. It edged up against the Thai baht to 12.5435/5801, appreciated against the Indonesian rupiah to 231.1/231.7, and strengthened versus the Singapore dollar to 3.1874/1950. It was largely unchanged against the Philippine peso.
