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    501awani
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    Ringgit Opens Higher Against US Dollar Amidst Trade Tensions

    The Malaysian Ringgit opened higher against the US dollar on Monday, June 3, 2025, according to a report by Astro AWANI's Niaga AWANI segment. The positive performance was attributed to a weaker US dollar, influenced by ongoing trade tensions between the US and China. Mohd Siddiq Jantan, the research head of UOB Kay Hian Wealth Advisors, stated, "The Ringgit is supported by the weak dollar, but also tempered by US-China trade concerns and tariff anxieties." The report showed the Ringgit at approximately 4.24 against the US dollar at 9:25 AM, a slight improvement from previous days. The video visually demonstrated the Ringgit's fluctuations throughout May, illustrating periods of both strengthening and weakening. This showcases the Ringgit's resilience despite global economic uncertainties.

    2 months ago
    MY
    Malaysia
    news summary
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