KUALA LUMPUR: The ringgit continues its upward momentum, opening slightly higher against the US dollar on Tuesday, as the greenback weakened ahead of the Federal Open Market Committee (FOMC) meeting minutes today. At 8 am, the local currency edged up to 4.0500/0670 against the greenback from Monday’s closing of 4.0580/0625. "Export conversion, portfolio inflows and corporate hedging activity continue to favour the ringgit, creating a persistent supply of US dollars in the local market. At the opening, the ringgit was traded lower against a basket of major currencies. It inched up against the euro to 4.7677/7877 from 4.7787/7840 at Monday’s close, was slightly higher versus the British pound at 5.4711/4941 from 5.4742/4803 yesterday, but it depreciated vis-a-vis the Japanese yen to 2.5970/6082 from 2.5956/5987 previously.

Source: The Star December 30, 2025 08:58 UTC