Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds

KUALA LUMPUR: The ringgit closed higher against the US dollar as market sentiment improved amid concerns over the United States’ tariffs against the European Union (EU) and geopolitical risks, while pressures in the Japanese Government Bond (JGB) market eased.

At 6 pm, the local currency rose to 4.0445/0495 against the greenback from 4.0530/0580 at Tuesday’s close.