Ringgit strengthens on improved sentiment from stimulus package

KUALA LUMPUR: The ringgit continued its uptrend against the US dollar at the opening today on improved demand as the 2020 Economic Stimulus Package introduced yesterday boosted investors’ sentiment, analysts said.

At 9am, the local note was trading at 4.2050/2120 against the greenback compared with 4.2100/2200 recorded at Thursday's closing.

Yesterday, the Interim Prime Minister Tun Dr Mahathir Mohamad announced the RM20 billion economic stimulus package to safeguard the country’s economy from impacts associated with the COVID-19 outbreak.