Ringgit lifted on positive sentiment over higher PMI

KUALA LUMPUR: The ringgit was trading higher against the US dollar early on Monday, still riding on positive investors’ sentiment tracking Malaysia's manufacturing Purchasing Managers’ Index (PMI) which climbed to 43.4 last month from 40.1 in July 2021.

The local note was continuing last week's uptrend versus the greenback. In terms of weekly appreciation, the ringgit rose by about 1.07 per cent against the US dollar last Friday.