Ringgit opens stronger against US dollar
The ringgit opened stronger against the US dollar on Monday, supported by a decline in the US Dollar Index (DXY) last Friday, said Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid. As of 8am, the ringgit was trading at 4.5010/4.5100 against the greenback, up from 4.5055/4.5100 at Friday’s close. The DXY slipped to 107.621 points…