Ringgit Among Top Global Currencies, Soars To 4.12 Vs Greenback
The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid highlighted that the ringgit had strengthened by 1.6 per cent week-on-week against the US dollar. The local currency surged to 4.1230/1280 from yesterday’s close of 4.1430/1485, marking a year-to-date gain of 11.36 per cent. Mohd Afzanizam noted that the local currency was well-supported, particularly during the morning session when the dollar-ringgit reached RM4.1175 in early trading. He also said that the ringgit’s appreciation was broad-based, gaining against the euro, British