PETALING JAYA: After witnessing the ringgit fall in March to its lowest level this year against the US dollar, bright spots began to emerge for the local currency to appreciate against the greenback.
Economists and currency strategists attributed the ringgit’s strength to the global economic recovery fuelled by the development of Covid-19 vaccine, strong crude oil prices and the US Federal Reserve’s decision to maintain its super-low interest rates.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!