Ringgit surges to 4.18 amid positive domestic factors


KUALA LUMPUR: The ringgit settled at a 30-month high of 4.1815 against the US dollar as at noon, which puts it on track to ending the week as the world's top-performing currency.

The local currency has surged to its highest level since March 2022 following the 50 basis points rate cut by the Federal Reserve, which exceeded expectations of a 25bps reduction.

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ringgit , currency , trade , rate , FDI

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