FOREX: KUALA LUMPUR – Feb 14: Ringgit soars against US dollar, other major currencies

KUALA LUMPUR: The ringgit closed sharply higher against the US dollar today driven by the stronger-than-expected 5.9 per cent economic growth for 2017, announced earlier today.

At 6pm, the local note strengthened against the greenback to 3.9170/9210 from 3.9370/9400 on Tuesday.

The ringgit also closed stronger against a basket of other major currencies.

It appreciated against the Singapore dollar to 2.9654/9705 from Tuesday’s 2.9760/9792, and rose against the yen to 3.6441/6488 from 3.6569/6600 yesterday.

The local unit increased against the British pound to 5.4325/4400 from 5.4653/4715 yesterday, and strengthened against the euro to 4.8383/8444 from 4.8476/8517 on Tuesday. – BERNAMA / By Bernama – February 14, 2018 @ 7:31pm