KUALA LUMPUR (April 9): The ringgit has opened slightly higher against the US dollar, receiving mild support following the weakening of the greenback after the United States’ (US) 10-year Treasury yields fell to a two-week low.
At 9.01am, the local unit stood at 4.1300/1350 against the US dollar from 4.1360/1390 at Thursday’s close.
The US dollar had declined despite US Federal Reserve chair Jerome Powell’s assurance that the central bank can reinvigorate the economy without stoking painful inflation.
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