KUALA LUMPUR: The ringgit extended its recovery momentum and closed marginally higher against the US dollar as risk appetite improved amid weaker greenback sentiment.
The latest data indicated that the US economy is softening, leading to the devaluation of the greenback. “This week, we saw the Reserve Bank of Australia and Bank of Canada unexpectedly raising their policy rates by 25 basis points.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaysiakini - 🏆 20. / 51 Read more »