KUALA LUMPUR, June 23 — The ringgit reversed yesterday’s downtrend to close higher against the US dollar today, thanks to better market sentiment following rising oil prices and Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz’s latest remarks on the country’s economy, dealers said....
Although the greenback showed stability following some assuring statements from the White House on the Washington-Beijing trade pact, the ringgit rose to 4.2710/2770 as at 6pm compared with 4.2770/2850 yesterday’s close. — Bernama pic
Although the greenback showed stability following some assuring statements from the White House on the Washington-Beijing trade pact, the ringgit rose to 4.2710/2770 as at 6pm compared with 4.2770/2850 yesterday’s close. Meanwhile, Tengku Zafrul said Malaysia’s exposure to foreign currency fluctuations was extremely limited as 97 to 98 per cent of the country’s debt comprised of domestic borrowings.
When presenting the 10th Laksana report earlier today, the minister also said the government was committed to ensuring progress of all the economic stimulus packages was reported in a timely and transparent manner.
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