KUALA LUMPUR: The ringgit extended yesterday’s gains to close higher against the US dollar today as more investors turned to riskier assets due to the easing tension in the Middle East, a dealer said.
At 6pm, the ringgit was quoted at 4.0750/0780 versus the greenback, compared with 4.0880/0930 on Thursday.
He said with the de-escalating tension in the Middle East, investors are now turning their focus back on the signing of the United States (US)- China phase one trade deal next week.
The US President Donald Trump has confirmed in a news report on Friday that the phase one trade deal will be signed on Jan 15, or shortly thereafter.
Meanwhile, the ringgit was traded higher against a basket of major currencies.
It went up against the Singapore dollar to 3.0194/0219 from 3.0243/0285 at Thursday’s close, and appreciated against the Japanese yen to 3.7160/7198 from 3.7350/7406 yesterday.
The local note strengthened against the British pound to 5.3244/3299 from 5.3250/3332 previously, and increased against the euro to 4.5216/5254 from 4.5369/5440. -Bernama
