Ringgit retreats to end marginally lower against US$


KUALA LUMPUR: The ringgit retreated from its gains yesterday to end lower against the US dollar on Thursday on improved sentiment for the greenback amid a global interest rate outlook that points to rate cuts, an economist said.

At 6 pm, the ringgit edged down to 4.7080/7110 versus the greenback from yesterday’s close of 4.7055/7075.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wall Street set to bounce back as Tesla soars
Two major shareholders of Rexit face jail in Singapore for illegally obtaining personal data
Anwar: Iskandar Malaysia secures RM40.3bil committed investments from Jan-Sept 2024
DXN posts lower 2Q net profit of RM65.97mil
ViTrox remains cautiously optimistic for 4Q24 amid challenges
Allianz: Malaysia's inflation likely to trend at 2.9% in 2025
AWC wins RM9.5mil contract for Sungai Melaka immigration complex
Nestle posts RM85mil net profit in 3Q, declares 35 sen dividend
Ringgit gains vs greenback on stable inflation data
Texchem confident in sustaining performance amid positive economic outlook

Others Also Read