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The local note weakens to 4.1450/4.1505 and is expected to stay range-bound ahead of the US PCE inflation report.The local note weakens to 4.1450/4.1505 and is expected to stay range-bound ahead of the US PCE inflation report.

Ringgit opens easier as strong US data supports dollar

Author: Free Malaysia Today

Source: Free Malaysia Today

2026/06/24 08:37

1 min read

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KUALA LUMPUR: The ringgit opened easier against the US dollar this morning and is expected to remain range-bound ahead of the US Personal Consumption Expenditures (PCE) inflation report on Thursday.

At 8am, the local note weakened to 4.1450/4.1505 against the greenback from 4.1380/4.1430 at yesterday’s close.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US dollar was supported by stronger economic data.

“Hawkish US Federal Reserve officials continue to be the main talking point in the currency markets as data suggest the US economy looks fairly resilient despite higher fuel prices.

“The US Purchasing Managers’ Index readings for the manufacturing and services sectors were higher than expected in June at 55.7 points (consensus: 54.6) and 51.3 points (consensus: 51.1), respectively,” he added.

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