Malaysia: Ringgit continues to strengthen

• Jan 21, 2021

KUALA LUMPUR: Oil price rally and US dollar weakness supported the ringgit to close higher for the second consecutive day.

At the close, the currency stood at 4.0430/0470 against the greenback from 4.0480/0520, yesterday.

Axi chief global market strategist Stephen Innes expected oil to stabilise near the current level as the coronavirus vaccine rollout progresses. — Bernama

Source: https://www.thestar.com.my/business/business-news/2021/01/21/ringgit-continues-to-strengthen