Ringgit extends rally against greenback for fourth straight day

KUALA LUMPUR: The ringgit continued to rally for the fourth straight day against the US dollar as such appreciation has been long overdue, considering that the ringgit has been in oversold condition for quite some time, said an economist.

At 6 pm, the local note surged 545 percentage in points (pips) to 4.5255/5280 against the greenback compared with 4.5800/5845 at Thursday’s close.

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Ringgit , US dollar , Oversold , NEER

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