Ringgit strengthens further against US dollar

Rising ringgit: Better-than-expected manufacturing data and strong crude oil prices pushed the ringgit to close higher against the US dollar. — Reuters

KUALA LUMPUR: The ringgit continued its strong upward momentum to end higher against the US dollar, supported by better-than-expected manufacturing data and strong crude oil prices amid a softer US dollar.

At 6pm yesterday, the local note finished at 3.9700/9730 against the greenback, gaining 150 basis points from the close of 3.9850/9900 on Thursday.