KUALA LUMPUR: The ringgit opened lower against the US dollar on Wednesday but higher against major currencies amid mixed market sentiment driven by geopolitical risk and Trump’s ongoing pressure on the United States Federal Reserve (US Fed). At 8.01 am, the local currency slipped to 4.0600/0680 against the greenback from Tuesday’s close of 4.0555/0600. "At the same time, macroeconomic data in the US also suggests that the headline inflation rate in December was sustained at 2.7 per cent, while the core inflation rate moderated to 2.6 per cent. At the opening, the ringgit traded higher against a basket of major currencies. The ringgit was higher versus the Singapore dollar at 3.1495/1562 from 3.1511/1549 at Tuesday's close and gained vis-a-vis the Thai baht to 12.8697/9008 from 12.8840/12.9036.

Source: The Star January 14, 2026 01:04 UTC