Ringgit ends higher


KUALA LUMPUR: The ringgit ended higher against the US dollar as investors reacted positively to the third-quarter gross domestic product (GDP) print, which came within market expectations. At 6 pm, the ringgit was better at 4.1515/1545 against the greenback from Thursday’s close of 4.1560/1590. 

FXTM market analyst Han Tan said the local unit remains Asia’s best performer this month. Overall, the ringgit traded within the 4.14-4.16 range this week, as the resurgent US dollar forced most Asian currencies to give up gains from the previous week. – Bernama

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Malaysia’s Q3 GDP at 4.4 percent

ShareTweetSharePinKUALA LUMPUR: The Malaysian economy grew 4.4 percent in the third quarter of 2019 (Q3 2019), moderately lower compared with the 4.9 percent growth recorded in Q2 2019, says Bank Negara Malaysia (BNM). GDP growth was recorded at 4.4 percent during the same quarter last year. BNM governor Datuk Nor Shamsiah […]

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