Ringgit rebounds to end higher against US dollar | Malay Mail

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KUALA LUMPUR, June 24 — The ringgit ended higher against the US dollar today, supported by firmer oil prices while a looming trade war between China and the United States dampened appetite for the greenback. At 6pm, the local note rebounded to 4.1580/1610 versus the greenback from 4.1600/1640 at...

KUALA LUMPUR, June 24 — The ringgit ended higher against the US dollar today, supported by firmer oil prices while a looming trade war between China and the United States dampened appetite for the greenback.

An analyst said higher Brent crude oil price had lent some support for the local note, while the latest update on China’s ambassador to the US to leave after eight years had further helped the ringgit along with other Asian currencies, which are currently sensitive to external news.

 

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