Ringgit extends downtrend vs US$ on stronger US economic data


KUALA LUMPUR: The ringgit extended its downtrend against the US dollar today as demand for the greenback continued to surge due to positive readings on the United States (US) economic health, said an analyst.

At 9 am, the local currency dipped to a 67-month low of 4.4795/4820 against the greenback from Thursday’s close of 4.4720/4750.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Ringgit , US dollar , US economic , ActivTrades , Opening

   

Next In Business News

Asia Digital Engineering eyes US market with FAA approval in sigh - CEO Mahesh
China's services activity expansion eases in Nov, Caixin PMI shows
Australia's Q3 GDP growth disappoints hopes for a rebound
Ringgit remains lower against US$ on jitters over South Korean turmoil
FBM KLCI rises after crossing key resistance level
Trading ideas: Mah Sing, Solarvest, Binastra, MMAG, Feytech, JFTech, Cloudpoint, T7, Malton, PJBumi, TMK, VS Industry, Magni-Tech
Nasdaq and S&P 500 post record closing highs
CLMT’s Elmina property acquisition a positive
Airfares surge in Vietnam ahead of crucial Lunar New Year holiday
Cloudpoint in RM34mil contract win

Others Also Read