Ringgit closes at strongest level in 16 months after cooler US inflation data
KUALA LUMPUR: The ringgit ended the day’s trading at about 4.41 against the US dollar, its best close in 16 months, as the US Federal Reserve was seen to be on track to cutting interest rates in September. At 6 pm, the ringgit surged to 4.4170/4235 versus the greenback from yesterday’s close of 4.4440/4505. The local note’s...