Ringgit halts advance against US dollar

Volatile note: The ringgit slipped 0.2 at 3.9005 against the US dollar after surging 3.8 last week. It had appreciated 10.4 against the greenback and is currently Asia’s top performing currency . – Reuters

PETALING JAYA: The ringgit halted its five-day advanced against the US dollar, as some analysts cautioned that the currency’s recent sharp appreciation may have been “too far and too soon”.

The drop in the price of crude oil had also dampened investors’ sentiment on the ringgit.