Ringgit hits fresh 2018 high of 3.9540 against US dollar, extends uptrend

KUALA LUMPUR: The ringgit traded at 3.9540 against the US dollar at the lunch break, marking a fresh high since May 15, 2018, when it last stood at the same level, and extending its run of fresh highs.

Bank Muamalat Malaysia chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that, based on technical chart analysis, the new support level for the local currency is located at RM3.8722.

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Ringgit , US dollar , Malaysia , Bank Negara , BNM , Economy , currency

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