KUALA LUMPUR, Oct 21: Ringgit closes higher against US dollar at 4.1565 — The ringgit continued to close higher against the US dollar as it has been experiencing correction and very much aligned with the overbought condition as signalled by the technical indicators, said an analyst.
At 6 pm, the local note climbed to 4.1565/1595 from 4.1580/1615 recorded at Wednesday’s close.
However, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the local note would remain constructive as commodity prices for Brent crude and crude palm oil have been well supported.
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Read more at the Star, here https://www.thestar.com.my/business/business-news/2021/10/21/ringgit-closes-higher-against-us-dollar-at–41565
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