Ringgit rebounds as US dollar weakens despite optimism over trade talk

KUALA LUMPUR: The ringgit strengthened against the US dollar as the greenback softened, with the US Dollar Index (DXY) slipping 0.1 per cent to 99.0 points, despite renewed optimism over a potential breakthrough in the United States (US) -China trade talks.

At 6 pm, the local currency stood at 4.2345/2370 against the dollar, slightly firmer than yesterday’s close of 4.2360/2420.