Ringgit opens higher against US$ on stronger GDP growth in 4Q24

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The story "Ringgit opens higher against US$ on stronger GDP growth in 4Q24" was covered 6 days ago by The Star, a news publisher based in Malaysia.

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The Star 6d ago

Ringgit opens higher against US$ on stronger GDP growth in 4Q24 - The Star

Quick Summary:

KUALA LUMPUR: The ringgit opens higher against the US dollar and ASEAN currencies due to stronger Malaysia's gross domestic product (GDP) growth in the final quarter (4Q) of 2024, said an analyst.

"This indicated that the fiscal consolidation exercise has shown a promising result, which can be credit-positive from the credit rating agencies’ point of view,” he told Bernama today.

At 8 am, the ringgit surged to 4.4265/4350 versus the US dollar compared to Friday’s close of 4.4310/4385.