KUALA LUMPUR, April 4 — The ringgit closed higher against the US dollar, reversing earlier losses on renewed buying interest for the local currency, said a dealer.
At 5 pm, the ringgit was traded at 3.2785/2805 from yesterday’s close of 3.815/2835.
A dealer said the ringgit was underpinned by positive external trade figures for February, released today by the Ministry of International Trade and Industry. Trade rose by 11 per cent to RM107.39 billion compared with the same month last year, spurred by higher growth in exports versus imports.
The ringgit also traded higher against a basket of currencies. It rose against the Singapore dollar to 2.5929/5947 from yesterday’s close of 2.5963/5000 and appreciated against the euro to 4.4932/4969 from 4.5153/5184.
It improved against the British pound to 5.4397/4443 from 5.4479/4526, and went up against the yen to 3.1557/1592 from 3.1565/1590. — Bernama
