The ringgit has rebounded from a four-day losing streak to end higher today, driven by improved sentiment and expectations that the US Federal Reserve would pause interest rate hikes in June. – The Malaysian Insight file pic, June 2, 2023.
At 6pm, the local note appreciated to 4.5745/5785 against the greenback compared to yesterday’s close of 4.6110/6165. “The ringgit appreciated against the US dollar to RM4.5745 from the previous day’s closing of RM4.6110. The immediate resistant level is currently situated at RM4.5491,” he told Bernama.
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