Jan 11: Ringgit soars to RM3.9850 against US dollar

 Publish date: Thu, 11 Jan 2018, 03:18 AM

KUALA LUMPUR: The ringgit has again breached the psychological level of 4.0 versus the US dollar thanks to encouraging manufacturing data released today, alongside strong crude oil prices.

At 6pm, the local note finished at 3.9850/9900 against the greenback, from 4.0020/0070 on Wednesday.

This is the second time in a week that the ringgit is trading below 4.0 vis-a-vis the US dollar after it closed at 3.9950/9990 on Monday.

Apart from the US dollar, today's trading also saw the ringgit end higher against a basket of major currencies, including the Singapore dollar, against which it closed below 3.0 for the second consecutive day in a week, at 2.9886/9926 from Wednesday's close of 2.9975/9024

The local note also advanced against the euro to 4.7605/7681 from 4.7776/7844 yesterday; went up against the pound to 5.3738/3821 from 5.4019/4090 yesterday; and rose against the yen to 3.5695/5749 from 3.5806/5857 on Wednesday. -- BERNAMA

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