Ringgit soars to 4.25 amidst weaker dollar, rising oil prices | Malay Mail

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KUALA LUMPUR, June 3 — The ringgit continued to rally for the fourth consecutive day today on the back of a broadly weaker US dollar and surging oil prices, with Brent crude hitting above US$40 per barrel ahead of the Opec+ meeting. At the close, the ringgit was quoted at 4.2590/2660 against the...

The ringgit rises for the fourth consecutive day on the back of a broadly weaker US dollar. — Reuters pic

At the close, the ringgit was quoted at 4.2590/2660 against the greenback from 4.2750/2800 at the close yesterday. “The impact of higher oil prices is leaving a profound effect on high-yielding and commodity-producing currencies.

 

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