Ringgit jumps to 10-month high against greenback after softer US CPI

The ringgit jumped to a 10-month high against the greenback on anticipation of softer interest rate hikes in the United States going forward after the latest US inflation data showed a declining trend.

At 9am, the ringgit surged by 270 basis points to 4.3300/3350 against the greenback, a level that was last seen in April 2022, from Thursday’s close of 4.3570/3615.

ActivTrades trader Dyogenes Rodrigues Diniz said...