KUALA LUMPUR – The ringgit pared earlier losses to end higher against the US dollar today despite the better performance of the greenback.
The US dollar extended Wednesday’s gains against most major rivals, as traders pinned hopes on the fact the Covid-19 immunisation, coupled with more monetary stimulus, might revive economies in the second half of the year, dealers said.
At 6pm, the local currency stood at 4.0300/0340 versus the greenback compared with Thursday’s close of 4.0350/0410. – Bernama, January 8, 2021
