At 6pm, the local note rose to 4.2230/2285 versus the US dollar.
KUALA LUMPUR: The ringgit closed higher against the greenback yesterday as traders await the United States labour market data this week, says an analyst.
At 6pm, the local note rose to 4.2230/2285 versus the US dollar from the previous day’s close of 4.2270/2350.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the Federal Open Market Committee meeting on Sept 16 and 17, along with geopolitical events like China’s military parade, would provide important inputs as well for traders and investors.
He also said that the US dollar-ringgit pair oscillated within a tight range of between RM4.2268 and RM4.2345, while the US Dollar Index was slightly higher at 98.444 points.
“Regional currencies such as the baht were weaker against the greenback as domestic policies dominated market sentiment,” he told Bernama.
