KUALA LUMPUR, June 16 — The ringgit rebounded to open higher today in line with other Asian markets as the greenback fell on worries of a second wave of Covid-19 infections in the United States. At 9am, the ringgit was quoted at 4.2600/2660 compared with yesterday’s close of 4.2730/2780. An...
Against a weakened US dollar, the Malaysian ringgit and other Asian currencies are on a stronger footing.. — Reuters pic
“With the medicine now out of the picture and rising numbers of Covid-19 cases and the unemployment rate in the US, the greenback has weakened,” he said. Meanwhile, Asian currencies such as Thai bhat, Japanese yen and South Korean won rose against the US dollar today.
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