Ringgit extends rally, reaches another five-year high


KUALA LUMPUR: The ringgit extended its rally on Friday, opening higher to reach another five-year high against the US dollar amid a holiday-shortened trading week.

At 8 am, the local currency surged to 4.0410/0495 against the greenback from 4.0425/0515 at Wednesday’s close. The ringgit hit 4.0450/0443 on Feb 26, 2021.

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