KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Tuesday as investors assessed developments in the United States–Venezuela situation, with an initial flight to the greenback proving short-lived amid largely contained geopolitical risks.
At 8am, the local currency edged up to 4.0650/4.0745 against the greenback, from Monday’s close of 4.0695/4.0745.
IPPFA director of investment strategy and country economist Sedek Jantan said that as risk sentiment stabilised, capital flows rotated back into emerging market currencies and higher-yielding assets.
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