Ringgit continues uptrend as US dollar slips | Malay Mail

📆 9/19/2020 1:33 AM
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KUALA LUMPUR, Sept 18 — The ringgit ended at a seven-month high today as the US dollar slipped on weaker US economic data involving retail sales and the job market. As at 6pm, the local note was quoted at 4.1100/1150 compared with yesterday’s 4.1370/1400. An analyst said this was following the...

As at 6pm, the local note was quoted at 4.1100/1150 compared with yesterday’s 4.1370/1400. — AFP pic

“The US economy is now struggling to gain ground, and with the presidential election around the corner and the ongoing spat between Washington and Beijing, the dollar will continue to be under pressure, leading to a higher ringgit,” she said.

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