The ringgit ended firmer against the greenback and major currencies today, supported by improved risk sentiment following the easing of trade tensions between the US and China.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said the easing of US-China trade tensions has improved sentiment towards regional currencies, including the ringgit.
“In the afternoon session, the local currency continued to strengthen against the US dollar, with the US dollar-ringgit pair reaching RM4.1853,” he told Bernama.
At 6pm, the ringgit rose to 4.1860/4.1930 against the US dollar from yesterday’s close of 4.1935/4.1985.
At the close, the ringgit inched up against the Japanese yen to 2.7162/2.7210 from 2.7266/2.7300 at yesterday’s close, strengthened against the British pound to 5.5025/5.5117 from 5.5304/5.5370 and rose versus the euro to 4.8453/4.8534 from 4.8716/4.8774 previously.
The local note traded mostly higher against Asean currencies.
It improved against the Singapore dollar to 3.2185/3.2241 from 3.2285/3.2326 at yesterday’s close, advanced vis-a-vis the Thai baht to 12.9429/12.9702 from 12.9501/12.9723, was higher against the Indonesian rupiah at 251.7/252.2 from 252.0/252.4 and was almost flat against the Philippine peso at 7.12/7.14 from 7.12/7.13 previously.
