KUALA LUMPUR, Oct 16 ― The ringgit closed higher against the US dollar today in view of the surging US weekly initial jobless claims announced overnight as a second wave of Covid-19 exploded across Europe and the United States, said a dealer. At 6pm, the local note was traded at 4.1470/1520...
At 6pm, the ringgit was traded at 4.1470/1520 versus the greenback compared with 4.1520/1550 at yesterday’s closing. — Reuters pic
At 6pm, the local note was traded at 4.1470/1520 versus the greenback compared with 4.1520/1550 at yesterday’s closing. “Financial markets are nervous over Covid-19's potential effect on the economic recovery in Europe and the US, the US election which is two weeks away, Brexit trade talks, and no sign of a US fiscal stimulus.
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