Ringgit reacts positively to RMCO


KUALA LUMPUR: The ringgit extended last Friday’s upward momentum to trade higher against the US dollar in the early session today on renewed buying interest. At 9.08 am today, the ringgit was quoted at 4.2400/2500 against the US dollar from last Friday's 4.2640/2700.

AxiCorp global chief market strategist Stephen Innes said the market reacted positively to Sunday's announcement of the Recovery Movement Control Order by the Prime Minister Tan Sri Muhyiddin Yassin.

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