The ringgit has closed marginally higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to softer US Treasury yields, said an analyst. – The Malaysian Insight file pic, March 6, 2023.
At 6pm, the local note rose slightly to 4.4760/4800 versus the greenback compared to last Friday’s closing rate of 4.4765/4780. “Alternative US data through February suggests that the manufacturing and housing rebound may have already reversed. He said the ringgit is getting support and although the National People’s Congress meetings did not fire on all policy cylinders, Asia’s foreign exchange is doing better ahead of several data releases out of China this week that would likely put an end to growing scepticism over the strength of its post-reopening recovery.