KUALA LUMPUR: The ringgit extended its gains against the US dollar for the third straight day, as the greenback’s safe-haven status weakened following lower-than-expected US Consumer Price Index (CPI) data for July, which fuelled expectations of a September interest rate cut.
At 6 pm, the local note appreciated to 4.2040/2085 versus the US dollar, up 0.57 per cent from Tuesday’s close of 4.2290/2320.
