Ringgit eases amid cautious sentiment
At 6pm, the local note weakened to 4.2505/2560 against the greenback from last Friday's close of 4.2475/2525.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit initially appreciated against the US dollar in the morning session to RM4.2455, but later stabilised at around RM4.25 in the afternoon.
'Asian currencies were also generally weak against the US dollar.
The US tariffs continue to hog the limelight as the Donald Trump administration maintained its hawkish stance towards the European Union and Mexico with 30% tariffs,' he said. — Bernama
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