Ringgit closes higher against greenback amid sudden US trade policy shifts, fiscal concern

KUALA LUMPUR: The ringgit continued its upward momentum to close higher against the United States (US) dollar today as sudden shifts in US trade policies and growing concerns over the US fiscal policy pushed the US dollar index (DXY) lower.

At 6 pm, the local note rose to 4.2155/2220 versus the US dollar from last Friday’s close of 4.2285/2345.