At 6pm, the local currency strengthened to 4.0685/4.0735 against the US dollar.At 6pm, the local currency strengthened to 4.0685/4.0735 against the US dollar.
Ringgit ends higher as weaker greenback, firmer oil lift sentiment
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KUALA LUMPUR: The ringgit closed higher against the US dollar today, in line with most Asian currencies, as a weaker greenback and firmer crude oil prices boosted sentiment following reports of a missile attack on a liquefied natural gas (LNG) tanker off the coast of Oman, an analyst said.
At 6pm, the local currency strengthened to 4.0685/4.0735 against the US dollar from yesterday’s close of 4.0825/4.0875.
Reports said the attack heightened concerns over the implementation of a potential US-Iran agreement, even as Iran and the US continue 60-day negotiations on a final deal based on a memorandum of understanding signed in May.
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