Ringgit ends higher on improving demand

KUALA LUMPUR: The ringgit ended the day higher against the US dollar on improving domestic demand following the recent selloff, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the local currency rebounded amid a firmer greenback ahead of the United States (US) Personal Consumption Expenditures (PCE) inflation data to be unveiled later tonight.