Ringgit regains strength to 4.12 against US dollar
Publish date: Fri, 27 Sep 2024, 08:25 AM
KUALA LUMPUR: The ringgit regained its strength against the US dollar at the opening today after experiencing a technical correction yesterday, said an analyst.
At 8.03 am, the local currency traded higher at 4.1235/1320 versus Thursday's close of 4.1430/1485.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said yesterday's ringgit correction was due to an overbought position, which led traders to pocket some gains.
- Bernama
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