Ringgit opens stronger vs greenback

The ringgit extended last Friday’s gains, trading firmer against the US dollar and breaching the RM4.30 level at today’s opening, driven by persistent buying interest amid expectations of a US interest rate cut, analysts said.

At 8.05am, the local currency appreciated further to 4.2930/3030 against the greenback, compared to Friday’s close of 4.2975/3050.

The market was closed yesterday...