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Ringgit extends gains against US dollar in early trade » The Capital Post

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EconomicENG

Ringgit extends gains against US dollar in early trade

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By Meharaj Paramasiwam 0 0
Estimate Reading Time: < 1 minute

KUALA LUMPUR (Sept 1): The ringgit extended Monday’s gains against the US dollar to open higher today after the United States (US) economy showed signs of short-term weakness, a dealer said.

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At 9.04 am, the local note rose to 4.1460/1490 versus the greenback from Monday’s close of 4.1530/1575.

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OANDA senior market analyst Edward Moya said the COVID-19 Delta variant’s impact on the US’ economy might be greater than anticipated, which does not bode well for third-quarter spending.-BERNAMA

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