Malaysia-US trade agreements lift ringgit higher against greenback

KUALA LUMPUR: The ringgit closed higher against the US dollar and other major currencies on Monday, as positive sentiment after trade agreements signed between Malaysia and the United States during the 47th ASEAN Summit lifted the local currency.

At 6 pm, the ringgit appreciated to 4.2085/2135 against the US dollar from 4.2210/2255 at Friday’s close.