Ringgit extends downward trend vs greenback


Stephen Innes told Bernama that the ringgit continued to drift away as the greenback’s strength pressured the ringgit at the opening.

KUALA LUMPUR: The ringgit extended yesterday’s losses against the US dollar at the close on Thursday on strengthening of the greenback after the release of the US Federal Reserve (Fed) meeting minutes yesterday.

At 6pm, the local currency was traded at 4.1445/1475 against the greenback from Wednesday’s close of 4.1360/1400.

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