Ringgit ends sharply higher against USD
The ringgit ended sharply higher against the US dollar on increased buying interest from investors following the
better-than-expected August trade surplus, a dealer said.
The local note was quoted at 3.1810/1840 against the greenback from 3.1940/1970 on Thursday.
The International Trade and Industry Ministry reported that Malaysia's total trade in August expanded 13.2 per cent to RM118.69 billion against the same month last year.
"The positive trade data had an encouraging influence on other emerging Asian currencies, which also firmed today," the dealer added.
Meanwhile, the local note was traded mostly higher against most major currencies.
The ringgit strengthened against the Singapore dollar to 2.5509/5535 from yesterday's 2.5552/5594 but fell against the yen to 3.2720/2761 from 3.2658/2696 Thursday.
It traded sharply higher against the British pound at 5.1233/1294 from 5.1823/1884 on Thursday and appreciated against the euro to 4.3300/3344 from 4.3451/3498 yesterday.-- Bernama