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Monday, 2 November 2026
Markets

Ringgit Opens Slightly Higher Against Greenback Amid Strait Of Hormuz Caution

By Chee Liang CFA4 min read

Kuala Lumpur, 10 July 2026 – The ringgit opened slightly higher against the US dollar on Friday as investors remained cautious over vessel movements in the Strait of Hormuz, while broader currency sentiment continued to be shaped by geopolitical risk, oil prices and the US interest-rate outlook.

The local note strengthened modestly in early trade, reflecting cautious demand for regional currencies even as markets continued to monitor developments in one of the world’s most important energy shipping routes.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.