Ringgit jumps to 4.10 against greenback, highest in four and a half years

KUALA LUMPUR: The ringgit bounced to the 4.10 level against the US dollar at Thursday’s close, hitting a new high in four years and six months after the US Federal Reserve (Fed) cut interest rates for the third time this year, which weighed on the greenback.

At 6 pm, the ringgit hopped to 4.1040/1105 versus the greenback compared with Wednesday’s close of 4.1155/1195.