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Ringgit extends gains against US dollar

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Ringgit extends gains against US dollar FMTNews FMTBusiness

KUALA LUMPUR: The ringgit extended last week’s gains to trade higher against the US dollar in the early session today, driven by investors’ return to emerging currencies as the global banking crisis eased and ahead of the decision on US interest rates in the middle of the week, dealers said.

Kenanga Research said for the week ahead, the news pipeline appears fairly quiet on the home front, with macro data scheduled for release, including the February external trade statistics and the February consumer price index report on Friday.

 

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