From Malay Mail · · 40s
Ringgit Beats Dollar as Oil Worries Fade
Ringgit gains against dollar, euro and pound after oil supply fears ease.
In brief
Ringgit gains against dollar, euro and pound after oil supply fears ease. Malaysian ringgit strengthened against major currencies due to improved oil market sentiment. Originally reported by Malay Mail.
Ringgit Strengthens
Ringgit rose against dollar and other major currencies Friday.
Oil Supply Concerns Ease
Brent crude prices fell after Saudi Arabia restored East-West pipeline.
Ringgit Gains Against Euro
Ringgit rose to 4.6849/6901 from 4.7003/7055 against euro.
Ringgit Gains Against Yen
Ringgit rose to 2.5829/5860 from 2.6305/6336 against yen.
Ringgit Gains Against Pound
Ringgit rose to 5.4543/4603 from 5.4877/4937 against pound.
Ringgit Gains Against ASEAN Currencies
Ringgit rose against Singapore dollar, baht and peso.
In short
Malaysian ringgit strengthened against major currencies due to improved oil market sentiment.
