Ringgit ends at 9-month high against US dollar
A market analyst says the ringgit's stellar performance is supported by the premise that the US Federal Reserve is heading into a downshift, strengthening Asian currencies. – The Malaysian Insight file pic, January 25, 2023.
At 6pm, the ringgit climbed to 4.2575/2625 against the greenback from Friday’s close of 4.2830/2875. SPI Asset Management managing partner Stephen Innes said the ringgit continued its stellar performance, supported by the premise that the US Federal Reserve is heading into a downshift that will strengthen Asian currencies.
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