Ringgit closes higher against US dollar on hopes of US-Iran deal

ringgit

KUALA LUMPUR: The ringgit closed higher against the US dollar on Monday, driven by hopes of a resolution to the US-Iran war, although conditions remained highly fluid.

At 6pm, the ringgit rose to 3.9510/3.9550 versus the greenback from Friday’s close of 3.9655/3.9700.

According to news reports, US Secretary of State Marco Rubio said on Monday that there might be news “maybe today” in the talks between Iran and the US to end the war.

MORE TO COME

Author: admin