KUALA LUMPUR: The ringgit ended slightly higher against the US dollar today on mild demand, tracking the equity market’s positive sentiment despite a firmer greenback, analysts said.
“I think investors do not want to close the week with too long dollars against the ringgit in case some supportive policy announcements from China are made over the weekend. “For the economy, it is good news but it also supports the idea that Bank Negara Malaysia will remain on hold,” he told Bernama.
“The oversold condition of the ringgit may have resulted in buying activities among the traders,” he added.
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