Ringgit jumps to 34-month high vs US dollar after China unveils stimulus measures

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Ringgit jumps to 34-month high vs US dollar after China unveils stimulus measures
RinggitUS DollarMohd Afzanizam Abdul Rashid
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MADRID (Reuters) -Real Madrid survived a late scare as goals by Lucas Vazquez, Kylian Mbappe and Rodrygo gave them a 3-2 home win over Deportivo Alaves in LaLiga on Tuesday.

KUALA LUMPUR: The ringgit jumped against the US dollar at the close on Tuesday, reaching its highest level in 34 months after China unveiled a stimulus package aimed at revitalising its economy.

"This has somewhat alleviated concerns over the beleaguered Chinese economy as China is seen struggling to achieve its five per cent growth target,” he told Bernama.

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Ringgit US Dollar Mohd Afzanizam Abdul Rashid China Stimulus Measure OPR

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