The local currency was lifted by improved risk appetite and growing optimism over a possible resolution to the US government shutdown.
KUALA LUMPUR: The ringgit extended its uptrend to close higher against the US dollar today, lifted by improved risk appetite and growing optimism over a possible resolution to the US government shutdown.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the ringgit’s appreciation was in tandem with the broader strength of regional currencies, supported by improving market sentiment.
Hopes that the US government could soon reopen weighed on the safe-haven Japanese yen and boosted the growth-exposed Australian dollar, with domestic factors also in the mix for both.
Riduan Abdullah has been the subject of an arrest warrant for more than 15 years after he fled the country with his daughter, Prasana Diksa, in 2009.