Ringgit rises to one-year high against the greenback

By DANIEL KHOO

Stronger ringgit: Lee says the ringgit could end on a stronger note by the end of the year in anticipation of a change in monetary policies

PETALING JAYA: The ringgit climbed to one-year high, buoyed by the higher price of crude oil and rising prospect of an interest rate hike happening next year.

The ringgit was traded at 4.1757 yesterday against the US dollar.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , ringgit , currency , Lee Heng Guie , oil , Brent Crude

Next In Business News
CGS International upbeat on Malaysia's economy, sets KLCI end-2026 target at 1,810
Morning trading finishes flat as investors retrace earlier losses
A1 AK Koh Group appointed sole distributor for NZ Milk Powder
Hock Soon Capital inks underwriting deal with M&A Securities
Crude oil slumps, Asian shares edge lower as global tensions climb
Ringgit opens lower vs greenback, higher against major currencies ahead of key US jobs data
FBM KLCI drifts lower as traders await catalysts
Berkshire Hathaway raises new CEO Abel's salary to US$25mil
Trading ideas: Capital A, AAX, AME REIT, IGB, IWCity, HSS Engineers, Master Tec, SCIB, ES Sunlogy, ICT Zone, Vanzo, Paragon Union, Destini, Mega Fortis, Semico
Oil falls as investors weigh supply outlook, Venezuela uncertainties

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.