Ringgit ends marginally higher against US dollar FMTNews FMTBusiness
KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst.
SPI Asset Management MD Stephen Innes said there is some conjecture that the worst is over for the ringgit. “Hence, US Treasury yields continue to come off last week’s boil on expectations of February US economic data reverting lower,” he told Bernama. “Asia’s foreign exchange is doing better ahead of several data releases out of China this week that would likely put an end to growing scepticism over the strength of its post-reopening recovery,” Innes said.
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