KUALA LUMPUR: The ringgit continued to close higher versus the US dollar on Thursday in tandem with the 0.1 per cent decline in the US Dollar Index to 105.845 points, said an analyst.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said concerns over the Middle East conflict have somewhat receded, judging from the decline in Brent crude oil prices to US$86.90 per barrel. He also said the focus on the local front will be on Malaysia’s advance gross domestic product estimate for the first quarter of 2024, which is slated to be released tomorrow.At the close, the ringgit traded mostly higher against a basket of major currencies.
Ringgit Mohd Afzanizam Abdul Rashid DXY US GDP
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