Tag - Technical Correction

Ringgit stages technical rebound to snap 3-day losing streak against US$

KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday as it staged a technical rebound after three days of losses, said an analyst. At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from Tuesday’s closing of 4.7945/7970. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the local currency...