KUALA LUMPUR: The ringgit remained on the uptrend against the US dollar for the fourth consecutive day today as more investors shifted their interest towards the emerging currencies, dealers said.
As at 6 pm, the local note stood at 4.3280/3350 compared with yesterday’s close of 4.3300/3400.
A dealer said the local note was on the upswing as a series of stimulus measures around the world, including a massive US$2.2 tril (RM9.56 tril) US package provided optimism in the global financial markets.
Meanwhile, the ringgit traded lower against a basket of major currencies.
It fell slightly against the Singapore dollar at 3.0175/0234 from 3.0069/0149 at Thursday’s close and slipped vis-a-vis the euro to 4.7608/7702 from 4.7396/7510 yesterday.
It had weakened against the Japanese yen to 3.9754/9829 from 3.9342/9444 and depreciated against the British pound to 5.2841/2943 from 5.1601/1737 yesterday. – March 27, 2020, Bernama
