Ringgit Revisits 4.02 Level Against US Dollar On Easing Energy Supply Concerns
KUALA LUMPUR, April 3 (Bernama) — The ringgit rebounded to the 4.02 level against the US dollar at the close today, as the Iran-Oman energy transit talks eased concerns over supply disruptions. At 6 pm, the local currency strengthened to 4.0295/0350 against the greenback from 4.0365/0430 recorded at yesterday’s close. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US dollar-ringgit is currently hovering at RM4.0305, with the ringgit gaining 0.23 per cent against the greenback, while the US Dollar Index (DXY) is oscillating below 100 points. “The ringgit seems to have gained some ground against the […]