Ringgit closes higher vs US dollar


At 6 pm, the local currency rose to 4.1100/1140 against the US dollar from Thursday’s close of 4.1200/1240.

KUALA LUMPUR: The ringgit ended higher against the greenback today, amid a bearish undertone in the greenback after the latest dovish statement from the US Federal Reserve policymakers.

The local currency was also supported by positive sentiment brought about by Bank Negara Malaysia’s move to maintain the interest rate at 1.75 per cent, signalling Malaysia's economic recovery is on track, a dealer said.

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