Ringgit continues upward trend against US dollar | The Malaysian Insight

Ringgit continues upward trend against US dollar

Analysts say the current trend should encourage the entry of foreign capital into Malaysia. – The Malaysian Insight file pic, January 10, 2023.

At 9am, the local note rose 20 basis points to 4.370/376 against the greenback from Monday’s close of 4.372/3765. “All these numbers point to a favourable economic situation in Malaysia, which should encourage the entry of foreign capital into the country, causing the US dollar-ringgit to fall over the next few months.

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