KUALA LUMPUR, June 1 — The ringgit ended higher today as the dollar lost its lustre in the global market amid the Covid-19 economic recovery optimism. At the close, the ringgit stood at 4.3150/3200 against the greenback compared with Friday’s 4.3450/3500. AxiCorp global chief market strategist...
At the close, the ringgit stood at 4.3150/3200 against the greenback compared with Friday’s 4.3450/3500. — Reuters pic Reuters pic
AxiCorp global chief market strategist Stephen Innes said the dollar was sold on general global reopening optimism. On Friday, Trump said he would eliminate special trade privileges for Hong Kong in reaction to China’s decision to impose a national security law on the financial hub, but did not announce any specific measures against Hong Kong.
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