Robust ringgit set to leave positive trails onto equity markets, says analyst


KUALA LUMPUR, Jan 10 (Bernama): The robust ringgit is set to leave positive trails onto the equity markets amid a weaker US dollar, as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 30.24 points to end the first week of 2021 at the day’s high of 1,633.19.

The ringgit was traded as high as 3.9957 versus the US dollar on the first trading day of the year, and research firms believe the US dollar weakness would resume.

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