Ringgit stages strong rebound to end losing streak against US dollar

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The story "Ringgit stages strong rebound to end losing streak against US dollar" was covered 4 hours ago by The Star, a news publisher based in Malaysia.

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The Star 4h ago

Ringgit stages strong rebound to end losing streak against US dollar - The Star

Quick Summary:

KUALA LUMPUR: The ringgit staged a strong rebound to end higher against the greenback on Monday as rising commodity prices and a softer US inflation reading helped the local currency snap a recent run of losses against the American dollar.

It gained against the Singapore dollar to 3.3095/3138 from 3.3146/3181 but fell against the Thai baht to 13.1137/1360 from 13.0670/0861.

Inflation in the United States, as measured by the PCE Price Index, rose 2.4 per cent on a yearly basis in November, lower than the estimate for a 2.5 per cent rise.