Ringgit extends gains against US dollar
The ringgit continues its positive momentum, rising against the US dollar as well as a basket of major currencies. – The Malaysian Insight file pic, November 25, 2022.
At 9am, the local note further strengthened to 4.4760/4810 against the greenback from yesterday’s close of 4.4910/5000. Nevertheless, he expects the market to be quiet with the US celebrating the Thanksgiving holiday this weekend. “The US dollar registered a cumulative gain of almost 19% against the ringgit during that time,” he said.
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