KUALA LUMPUR, Oct 28 — The ringgit closed higher against the US dollar today as the greenback retreated ahead of the United States (US) presidential elections on November 3, an analyst said. At 6pm, the local currency was traded at 4.1520/1570 versus the US dollar, compared with 4.1640/1680 at...
At 6pm, the local currency was traded at 4.1520/1570 versus the US dollar, compared with 4.1640/1680 at yesterday’s close. — AFP pic
At 6pm, the local currency was traded at 4.1520/1570 versus the US dollar, compared with 4.1640/1680 at yesterday’s close. “Oil is weakening as US democratic nominee Joe Biden is championing renewable energy in his US elections campaign, vowing that he would transition away from the oil industry,” she told Bernama.
“Even then, it is unlikely that international travel is ever going to recover from the Covid-19 beat down,” he said.Meanwhile, on the local front, the analyst said the Budget 2021, to be unveiled on November 6, would also weigh on the local currency trends.
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