Ringgit appreciates against major currencies


At 6pm, the local note made a marginal retreat to 4.2215/2255 against the greenback.

KUALA LUMPUR: The ringgit appreciated against major currencies and held firm versus the US dollar at the close yesterday as Malaysia posted a stronger trade performance, returning to positive growth in July.

According to the Investment, Trade and Industry Ministry (Miti), the country’s trade performance rebounded by 3.8% year-on-year (y-o-y) to RM265.92bil in July, the highest monthly trade value ever.

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