Ringgit ends higher against most major, Asean currencies
KUALA LUMPUR: The ringgit appreciated against most major and Asean currencies at Monday’s close, although it declined against the US dollar.
The ringgit ended higher against most major and Asean currencies on Monday, despite a decline against the US dollar. This fluctuation was attributed to rising Brent crude prices and anticipation of the Federal Open Market Committee (FOMC) and Bank of Japan (BOJ) meetings, according to an analyst. The local currency depreciated to 4.0735/0770 against the greenback from last Friday's close of 4.0685/0725.
Inflationary bias may solidify the rate hike thesis this week, leading to guarded Asian currencies, including the ringgit, in the near term.
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- Ringgit ends lower against US dollar, higher against major peers freemalaysiatoday.com
- Ringgit gains against most major, Asean currencies despite weaker US dollar malaymail.com
