Ringgit hits near one-year high at 4.5675 against US dollar

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KUALA LUMPUR: The ringgit continued its strong stride today, hitting one-year high after strengthening against the US dollar for nine straight days.

An analyst said the positive market reaction to the Federal Open Market Committee (FOMC) meeting statement lifted the ringgit’s performance on Thursday.

"We believe that robust growth fundamentals and a current account surplus will further support the continued appreciation of the ringgit," he said.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: Mohd Sedek Jantan US interest rates Forex Ringgit US dollar Mohd Afzanizam Abdul Rashid FOMC /Business/Business News

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 19:19:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 473 words

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Sentences: 20 lines

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Copyright Owner: © The Star

News ID: 21885342

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