PETALING JAYA: The ringgit closed larger in opposition to the US greenback yesterday, due to firmer oil costs and bullish commerce numbers for February.
At 6pm, the native word was traded at 4.2290/2320 versus the buck in contrast with Tuesday’s shut of 4.2305/2330.
An analyst mentioned oil costs had been choosing up after declining final week, as expectations from China started to rebound amid a lockdown in Shanghai to curb the Covid outbreak. On the time of writing, Brent was buying and selling 0.64% larger at US$105.3 (RM445.45) per barrel. — Bernama