KUALA LUMPUR: The ringgit made a correction from its oversold position to end Tuesday on a positive note against the US dollar. At 6 pm, the ringgit i...
: The ringgit made a correction from its oversold position to end Tuesday on a positive note against the US dollar.
Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said bargain-hunting activities suggest further appreciation of the ringgit may be in the offing. Bank Negara Malaysia said the current ringgit movements appear to be more heavily influenced by global events and do not reflect the nation’s economic fundamentals.
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