Ringgit Mixed After BOJ Rate Hike
The ringgit opened mixed against major and Asean currencies on Monday as investors digested the Bank of Japan's (BOJ) rate hike last Friday.
The local note eased slightly against the US dollar, trading at 4.0810/0865 by 8am, down from last Friday's close of 4.0795/0840.
The BOJ raised interest rates by 0.25 per cent to 1.25 per cent, marking its first hike since June and pushing borrowing costs to their highest level in 31 years.