Ringgit ends slightly higher against US dollar

SPI Asset Management's Innes said the biggest impediment for the ringgit would be the repricing of the US Federal Reserve’s March interest rate cut expectation.

KUALA LUMPUR: The ringgit ended slightly higher against the US dollar yesterday, tracking the higher South-East Asian peers’ currencies following reports that China is seeking to inject funds to bolster markets and investor sentiments.

At 6pm, the ringgit improved to 4.7265/7290 against the greenback compared with Monday’s close of 4.7280/7335.