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The ringgit opened higher today against the US dollar buoyed by Moody’s recent downgrade of the US credit rating on concerns over rising debt. - Scoop file pic, May 19, 2025
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Ringgit strengthens against US dollar opening following Moody’s US credit downgrade

At 8.03 am, the local note appreciated to 4.2850/3140 versus the greenback from last Friday’s close of 4.2900/2980

Bernama
Updated
9:49 AM MYT

 

KUALA LUMPUR – The ringgit opened higher today against the US dollar buoyed by Moody’s recent downgrade of the US credit rating on concerns over rising debt.

At 8.03 am, the local note appreciated to 4.2850/3140 versus the greenback from last Friday’s close of 4.2900/2980.

Moody’s Ratings has downgraded the US sovereign rating by one notch to Aa1 from AAA last Friday. – May 19, 2025

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