Ringgit stronger on bearish outlook for US dollar


KUALA LUMPUR: The ringgit closed higher against the greenback today, driven by a softer US dollar due to weaker data released last week, coupled with the bearish outlook for the currency, an analyst said.

At 6 pm, the local note strengthened to 4.5050/5090 against the US dollar compared with 4.5535/5565 at Friday’s close.

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