KUALA LUMPUR: The ringgit ended slightly higher against the US dollar today supported by improving crude oil prices, a dealer said.
At 6pm, the local currency stood at 4.1350/1380 versus the US dollar compared with yesterday’s close of 4.1370/1400.
At press time, oil benchmark Brent Crude was 0.98% higher to US$63.01 per barrel while WTI Crude rose 0.84% to US$56.72 per barrel.
She said better ringgit performance today was also in tandem with most emerging Asian currencies on the back of a softer greenback overnight as the US dollar lost its grip following fading hopes for any near-term Sino-US trade deal.
At the close, the ringgit traded mostly higher against a basket of major currencies.
The local currency rose against the Singapore dollar to 3.0499/0532 from 3.0509/0542 on Tuesday, strengthened versus the pound to 5.1973/1035 from 5.2209/2255 and increased against the euro to 4.6672/6722 from 4.6773/6815.
However, the ringgit weakened against the Japanese yen to 3.8379/8411 from 3.8199/8241. — Bernama
