Ringgit continues to strengthen against greenback

The ringgit continued its appreciation against the US dollar today as investors are bullish on the expectations that the US Federal Reserve will cut interest rates, said an analyst.

At 8am, the ringgit strengthened to 4.3700/3850 against the US dollar compared with 4.3805/3850 at yesterday’s close.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the persistent...