Ringgit extends gains at opening

KUALA LUMPUR, Dec 30 — The ringgit extended its upward momentum last week to open higher against the US dollar this morning, backed by positive sentiment for the local currency.

 

AxiTrader chief Asia market strategist Stephen Innes said the ringgit’s outlook remained positive as trade risk had abated with the United States (US)-China trade deal development.

 

At 9am, the ringgit was traded at 4.1180/1230 versus the US dollar, compared with Friday’s close of 4.1260/1290.

More stories