Ringgit extends positive factors in opposition to the buck

KUALA LUMPUR: The ringgit prolonged positive factors to finish greater in opposition to the US greenback yesterday as extra buyers returned to rising currencies, together with the ringgit, as a result of optimistic improvement on the Russia-Ukraine battle, in response to a supplier.

At 6pm, the forex strengthened to 4.2030/2055 versus the buck from 4.2120/2155 at Tuesday’s shut.

A supplier mentioned the ringgit is poised for appreciation given the potential of Russia’s de-escalation of its army operations.

In response to information experiences, Russia and Ukraine are cautiously optimistic after negotiators concluded a spherical of peace talks, with Russia saying that it’ll cut back some army exercise “to extend mutual belief.” — Bernama


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