At 6pm, the local note rose to 4.0485/4.0525 against the greenback from Friday's close of 4.0555/4.0600.At 6pm, the local note rose to 4.0485/4.0525 against the greenback from Friday's close of 4.0555/4.0600.
Ringgit rises against greenback on US-Iran peace deal
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KUALA LUMPUR: The ringgit closed higher against the US dollar on Monday as risk sentiment improved on news that the US and Iran will sign a peace deal on Friday.
At 6pm, the local note rose to 4.0485/4.0525 against the greenback from Friday’s close of 4.0555/4.0600.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said the looming peace agreement between the US and Iran had improved market sentiment and supported the ringgit.
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