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Ringgit jumps to RM4.10 against greenback, highest in 4.5 years

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The local currency beat the previous high recorded on June 11, 2021, when it closed at 4.1070 against the US dollar.

Money Exchange Week 3

KUALA LUMPUR: The ringgit bounced to the 4.10 level against the US dollar at Thursday’s close, hitting a new high in four years and six months after the US Federal Reserve (Fed) cut interest rates for the third time this year, which weighed on the greenback.

At 6pm, the ringgit hopped to 4.1040/4.1105 versus the greenback compared with yesterday’s close of 4.1155/4.1195.

Tags:Afzanizam RashidBNMFMTBizRinggitFOMClocal noteRinggit ClosingUS dollarUS Fed


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