KUALA LUMPUR: The ringgit led the rally of Asian currrencies improving against the US dollar as it gained 1.86% yesterday.
The ringgit surged to RM4.0985 in the morning session, or close to a two-month high against the greenback. It pared back some gains and was last traded at RM4.12 as at 5pm yesterday. Since hitting a 17-year low of RM4.45 on Sept 29, the ringgit has strengthened by nearly 10%.
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