Ringgit extends gains against US$, hits new high against pound

PETALING JAYA: The ringgit continues to strengthen against the US dollar, alongside several other Asian currencies, as US policymakers continue to play down the possibility of an interest rate hike so close to the US presidential election.

Globally, stock markets slipped as crude oil prices traded lower. Analysts reckoned that there would be no rate hike in November because of the presidential election, but said there could be one in the December meeting.