SPI Asset Management's Innes saidthe sustained ceasefire between Israel and Iran has dampened safe-haven demand for the US dollar.
KUALA LUMPUR: The ringgit ended firmer yesterday, supported by easing geopolitical tensions and weaker US economic data that continues to pressure the greenback.
At 6pm, the local currency rose to 4.2335/2405 versus the greenback from Tuesday’s close of 4.2410/2465. SPI Asset Management managing partner Stephen Innes said that the sustained ceasefire between Israel and Iran has dampened safe-haven demand for the US dollar.
