The ringgit continues to strengthen against the US dollar, climbing to its highest in more than 16-month as crude oil prices posted their strongest opening to a year since 2014.It strengthened to 4.0195 against the US dollar, its best performance since August 2016. - MUHAMAD SHAHRIL ROSLI/The Star.(filepic)
KUALA LUMPUR: The ringgit extended its loss from last Friday to be lower against the US dollar early Monday on lack of market demand and as the interest of investors shifted towards the greenback on rising US Treasury yields.
As at 9 am(0100gmt), the local unit was quoted at 3.9730/9780 from 3.9700/9740 recorded at Friday's close.
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