KUALA LUMPUR (July 12): The ringgit climbed to its highest in six months against the greenback, and was the best performing major Asian currency on Friday, as easing US inflation bolstered the case for Federal Reserve rate cuts.

The local currency climbed to as high as 4.6630 against the US dollar, and was last at 4.6720 at 9.30am. The Chinese yuan and Indonesian rupiah also gained, while the Japanese yen, South Korean won, and Thai baht depreciated against the dollar.

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