Ringgit continues to strengthen versus US$

At 9 am, the local note rose to 4.3880/3915 versus the US dollar.

At 9 am, the local note rose to 4.3880/3915 versus the US dollar from Thursday’s closing rate of 4.3995/4025.

"Such data points indicate that the case for a pause in the US Federal Reserve’s rate hikes has gained more credence. Meanwhile, ActivTrades trader Dyogenes Rodrigues Diniz opined that the greenback’s decline followed the US Consumer Price Index data, which came in below expectations at 5.0 per cent against the forecast of 5.2 per cent.

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