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Ringgit ends higher against US dollar for third day running

Higher oil prices among drivers to local currency value

Updated 5 years ago · Published on 17 Dec 2020 6:42PM

Ringgit ends higher against US dollar for third day running
The higher ringgit close against the US dollar is also due to the Federal Reserve’s decision to keep the interest rate unchanged at 0.25%. – The Vibes file pic, December 17, 2020

KUALA LUMPUR – The ringgit ended higher against the US dollar for the third consecutive day, riding on the easing of domestic political risks after the budget is passed, higher oil prices, and the United States Federal Reserve’s decision to keep the interest rate unchanged at 0.25%. 

At 6pm, the ringgit closed at 4.0320/0370 versus the greenback compared with 4.0490/0540 at the close on Wednesday. – Bernama, December 17, 2020

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