KUALA LUMPUR, Aug 6 — The ringgit extended its upward momentum for the eighth consecutive trading day, closing firmer against the US dollar today amid a weaker greenback, stable oil prices and upbeat expectation on the second-quarter (Q2) economic performance, dealers said. The local currency...
Ringgit notes are seen at a money changer in Kuala Lumpur November 11, 2016. — Picture by Hari Anggara
The local currency settled at 4.1880/1920 against the US dollar compared with 4.1930/1960 at 6 pm on Wednesday. Meanwhile, Bank Negara Malaysia is scheduled to announced the Q2 2020 gross domestic product performance on Aug 14, which is widely anticipated to be weak given the Covid-19 pandemic that caused the economy to partially shut down during the period.
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