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Brunei
Tuesday, August 16, 2022
23.2 C
Brunei
Tuesday, August 16, 2022
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    Ringgit ends higher on US dollar retracement

    THE STAR – The Malaysian ringgit ended higher against the US dollar yesterday as the overnight greenback retreated slightly amid waning positive impacts of Federal Reserve hawkish comments and as investors waited for more signs on the data front, dealers said.

    At 6pm, the Malaysian ringgit rose to 4.4490/4520 versus the greenback from Thursday’s close of 4.4565/4590.

    Meanwhile, the Malaysian ringgit also closed lower against a basket of major currencies except for the British pound.

    The currency slipped against the euro to 4.5513/5544 from 4.5398/5424 on Thursday and depreciated vis-a-vis the Japanese yen to 3.3459/3484 from 3.3228/3251 previously.

    It also eased against the Singapore dollar to 3.2330/2355 from Thursday’s close of 3.2310/2333 but advanced versus the British pound to 5.3989/4025 from 5.4271/4302 yesterday.

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