Ringgit ends stronger on firmer oil price

PETALING JAYA: The ringgit closed higher against the US dollar yesterday, thanks to firmer oil prices and bullish trade numbers for February.

At 6pm, the local note was traded at 4.2290/2320 versus the greenback compared with Tuesday’s close of 4.2305/2330.

An analyst said oil prices were picking up after declining last week, as expectations from China began to rebound amid a lockdown in Shanghai to curb the Covid outbreak. At the time of writing, Brent was trading 0.64% higher at US$105.3 (RM445.45) per barrel. — Bernama

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