Ringgit Ends Higher Against the US Dollar on Improving Sentiment | Money

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A money changer counts ringgits at a store in Putrajaya on October 26, 2007. – Reuters pic

KUALA LUMPUR, Oct 1 – The ringgit ended higher against the US dollar today, supported by improving sentiment towards the local currency, a dealer said.

At 6 p.m., the local rating rose to 4.1770 / 1810 against the greenback from yesterday’s close of 4.1855 / 1870.

The concessionaire said the local rating had strengthened and appreciated against the US dollar amid positive sentiment surrounding the reopening of the economy after more states moved to the next phase under the framework. of the national recovery plan (NRP).

“The government’s announcement on Wednesday that Kuala Lumpur, Putrajaya, Selangor and Melaka would move from phase two to phase three of the PNR as of today has improved investor risk appetite,” he said. he declared to Bernama.

Meanwhile, Jeffrey Halley, OANDA’s senior Asia-Pacific market analyst, noted that a slight easing in overnight U.S. Treasury yields and profit taking pushed the U.S. dollar index slightly lower. decrease.

At the close, the ringgit traded for a basket of major currencies.

The local rating appreciated against the Singapore dollar at 3.0756 / 0788 against 3.0760 / 0775 at yesterday’s close and appreciated against the euro at 4.8361 / 8408 against 4.8531 / 8548 previously.

However, the ringgit eased against the British pound to 5.6373 / 6427 from 5.6308 / 6328 yesterday and slipped against the Japanese yen at 3.7580 / 7616 from 3.7394 / 7407 previously. – Bernama


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