Ringgit ends marginally higher against US dollar

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KUALA LUMPUR: The ringgit prolonged yesterday’s features to finish the week higher against the US dollar at present on higher demand for the native foreign money, boosted by regular oil costs, mentioned an analyst.

At 6 pm, the native unit rose against the buck to 4.4010/4045 from Thursday’s shut of 4.4045/4075.

The analyst mentioned the ringgit’s optimistic efficiency was supported by firmer oil costs on the again of excessive summer season gasoline demand, whereas provides remained tight due to sanctions on Russian oil after its invasion of Ukraine.

At the press time, benchmark Brent crude oil traded at US$111.3 per barrel, rising 1.14 per cent.

However, the native foreign money was traded decrease against a basket of main currencies.

The ringgit depreciated against the British pound to five.4128/4171 from Thursday’s shut of 5.3722/3758 and weakened versus the Singapore dollar to three.1710/1740 from 3.1682/1706 beforehand.

It fell against the euro to 4.6444/6481 from 4.6318/6349 and slipped vis-a-vis the Japanese yen to three.2590/2621 from 3.2534/2559 yesterday. – Bernama



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