Ringgit ends lower on firmer US dollar demand | Malay Mail

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Ringgit ends lower on firmer US dollar demand | Malay Mail
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KUALA LUMPUR, April 24 — The ringgit ended the week on a lower note today as demand for the US dollar increased on the back of the high-level anti-virus drug trial that failed to treat the Covid-19, analysts said.  At 6 pm, the local unit dropped 50 basis points to 4.3600/3680...

Ringgit notes are seen at a money changer in Kuala Lumpur June 20, 2018. — Bernama pic

At 6 pm, the local unit dropped 50 basis points to 4.3600/3680 versus the greenback from 4.3550/3650 at Thursday’s close. AxiCorp global chief market strategist Stephen Innes said the negative commentary on the recent European Union Summit also supported a firmer US dollar.

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