tags - Sinar Daily

Image for illustrative purposes only. - FILE PIX

Image for illustrative purposes only. - FILE PIX

The ringgit opened higher against the US dollar on Friday, buoyed by the increase in OPR to 3.00 per cent, but the ringgit-dollar pair is projected to trade in a narrow range as risk-off mode leads to increased demand for the greenback.

This picture taken on April 5, 2023 shows 10-year-old French-Japanese kabuki actor Maholo Terajima (L) practising in a rehearsal room at the Kabuki-za theatre in Tokyo. (Photo by Philip FONG / AFP)

The ringgit opened lower against the US dollar today, weighed by a stronger greenback on renewed interest for safe haven currencies, an analyst said.

The ringgit opened higher against the US dollar on Tuesday amid a weakening greenback against major currencies.

The statue of Pierre de Coubertin, founder of the International Olympic Committee (IOC), is installed by the Olympic Rings monument near the National Stadium, the venue of the opening and closing ceremonies of Tokyo 2020 Olympics and Paralympics, in Tokyo, April 21. Former chairman of AOKI Holdings and defendant Hironori Aoki was judged by the Tokyo District Court on 21 April 2023, handing the defendant a two and a half year suspended sentence in the aftermath of a Tokyo Olympic bribery scandal case. This is the first time that a verdict has been handed down in Tokyo Olympic bribery cases. - Pic: EPA

Hironori Aoki, the ex-chairman of Aoki Corporation, a major sponsor of the 2020 Tokyo Olympics, has had his sentencing over a graft scandal involving bribes to officials to provide preferential treatment, suspended.

The ringgit rose against the US dollar in the early session today as the United States Federal Reserve officials continued their hawkish stance, favouring another 25 to 75 basis points interest rate hike in the near term.

Pandelela Rinong and Nur Dhabitah Sabri