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Ringgit books gain after four days of losses | Malay Mail

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KUALA LUMPUR, April 17 — The ringgit ended on a firmer footing Friday as investors cheered good news on the opening of the US economy and encouraging developments in Gilead Sciences’ Covid-19 treatment drug trial. At 6pm, the ringgit improved to 4.3650/3750 against the US dollar from...

A Malaysia Ringgit note is seen in this illustration photo June 1, 2017. — Reuters pic

At 6pm, the ringgit improved to 4.3650/3750 against the US dollar from 4.3700/3780 at the close on Thursday. AxiCorp global chief market strategist Stephen Innes said investors were also positive over Japanese Prime Minister Shinzo Abe’s proposal to build an economy that is less dependent on China, showing there are some serious thoughts that Japanese companies will relocate to other Asean centres.

 

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