KUALA LUMPUR: The ringgit extended last week’s gains to close higher against the US dollar yesterday, supported by a weaker greenback and positive catalysts in the local market, dealers said.
At 6 pm, the ringgit was quoted at 4.1500/1540 against the greenback from 4.1640/1670 at close on Friday.
A dealer said that the local and other emerging currencies were on the uptrend as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets. – Bernama
