Array
(
    [_edit_lock] => Array
        (
            [0] => 1745565160:15
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 252457
        )

    [_edit_last] => Array
        (
            [0] => 15
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:95:"Local note down to 4.4485/4765 against the greenback from last Friday’s close of 4.4335/4400";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 32734
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 30
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_stopmodifiedupdate] => Array
        (
            [0] => 1
        )

    [_modified_date] => Array
        (
            [0] => 
        )

    [footnotes] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 82
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:3:{s:4:"date";s:10:"1751370089";s:5:"count";i:2;s:14:"per_hour_count";a:1:{i:11;i:2;}}i:2;a:3:{s:4:"date";s:10:"1751473864";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:16;i:1;}}i:3;a:3:{s:4:"date";s:10:"1750968239";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:20;i:1;}}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 2
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1751473864
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 4
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 3
        )

)
Ringgit opens easier against USD amid market uncertainty | Scoop
There is currently a lack of buying interest in the ringgit amid market uncertainty over US’ global reciprocal tariffs. - Scoop file pic, April 7, 2025
Corporate

Ringgit opens easier against USD amid market uncertainty

Local note down to 4.4485/4765 against the greenback from last Friday’s close of 4.4335/4400

Bernama
Updated
9:20 AM MYT

 

KUALA LUMPUR — The ringgit opened lower against the US dollar due to a lack of buying interest, as market uncertainty persists following US President Donald Trump’s global reciprocal tariffs.

At 8.09 am, the ringgit depreciated to 4.4485/4765 against the greenback from last Friday’s close of 4.4335/4400.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said currency markets are likely to remain volatile with weak sentiment following the Trump administration’s sweeping tariff announcement last week.

He said S&P 500 and Nasdaq futures fell 4.57% and 5.33% on Friday, suggesting that investors are bearish on risky assets.

“On that note, the ringgit is expected to trade cautiously, as demand for safe haven currency such as the US dollar would continue to dominate trading.

“Currency markets are wary over the associated risk of recession in the US as tariffs would raise the cost of doing business and would result in the destruction of US demand,” he told Bernama.

Mohd Afzanizam said thus far, the US Federal Reserve (Fed) has remained calm.

He noted that the US interest rate futures indicate a more than 100% probability of Fed Fund Rate cuts in June and July’s Federal Open Market Committee meeting. Benchmark rates could reach 3.50% from the current 4.25% to 4.50%, suggesting a 100 basis points cut.

The ringgit traded mostly lower against major currencies.

It went down against the Japanese yen to 3.0582/0779  from 3.0294/0340 and weakened against the euro to 4.8773/9080 from 4.8706/8778 but appreciated against the British pound to  5.7399/7760 from 5.7591/7676 at last Friday’s close.

The local note was mixed against Asean currencies. 

It increased against the Thai baht to 12.8376/9274 from 12.9589/9847 and improved against the Singapore dollar to 3.3035/3248 from 3.3153/3204 previously.

It fell against the Indonesian rupiah at 267.1/268.9 from 266.2/266.7 and slid against the Philippine peso at 7.82/7.88 from 7.80/7.782. – April 7, 2025

Topics

 

◉ Popular

Pencerobohan hutan di Raub: SPRM siasat sejak 2021

Azam berkata siasatan yang dijalankan berhubung pencerobohan tanah di Raub, Pahang adalah kesinambungan daripada siasatan yang dijalankan sejak 2021

Google sekali lagi terbit data tidak tepat pertukaran nilai ringgit, dolar Amerika Syarikat

Bank Negara Malaysia (BNM) tegas menolak data tidak tepat mengenai kadar pertukaran mata wang yang sedang tersebar menerusi media sosial antara dolar Amerika Syarikat (AS$) dan ringgit Malaysia (RM) yang salah diterbitkan Google pada semalam

Kuala Kubu Baharu poll results expected at 9pm, earlier than planned: EC deputy chief

Commission targets 70% voter turnout although trend shows lower rate in by-elections compared to state elections

◉ Related

Copyright © 2023. All rights reserved.