KUALA LUMPUR: The ringgit extended yesterday’s gains to close higher against the US dollar today as more investors turned to riskier assets due to the easing tension in the Middle East, a dealer said.
At 6pm, the ringgit was quoted at 4.0750/0780 versus the greenback, compared with 4.0880/0930 on Thursday.
He said with the de-escalating tension in the Middle East, investors are now turning their focus back to the signing of the US-China phase one trade deal next week.
The US President Donald Trump confirmed last Friday that the phase one trade deal will be signed on Jan 15 or shortly thereafter.
Meanwhile, the ringgit was traded higher against a basket of major currencies.
It went up against the Singapore dollar to 3.0194/0219 from 3.0243/0285 at Thursday’s close, and appreciated against the Japanese yen to 3.7160/7198 from 3.7350/7406 yesterday.
The local note strengthened against the British pound to 5.3244/3299 from 5.3250/3332 previously, and increased against the euro to 4.5216/5254 from 4.5369/5440. – Jan 10, 2020 Bernama
