Ringgit rises to one-year high against the greenback


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

CIMB boosts customer protection with new biometric authentication in Octo App
IJM tumbles 5%, short selling suspended amid MACC probe
China set to keep rates steady for eighth month, some traders wager on Q1 easing
Gold, silver hit record highs as Trump-Greenland row sparks safety rally
Aeroline-Corus KLCC agreement ceases with hotel closure
Rupiah flirts with record lows on fiscal concerns, trade war risks
Asia's growing economic power shapes global derivatives market
Stocks, dollar take tariff hit; gold gets safety bid
Malaysian economy to stay resilient in 2026 on FDI, robust infrastructure investment- HSBC�
FBM KLCI slips as traders turn cautious on growing geopolitical tension

Others Also Read