On Wednesday Feb 10th the ringgit had remarkably moved higher than the US dollar during the early hours of trading. This was along with a few strong sentiments that were present in the local as well as the Southeast Asian stock markets. This news was according to a few dealers.
Around 9:45 am today i.e Wednesday the ringgit had moved up to 3.4260/4290 as opposed to the dollar that was recoded at 3.4340/439 in Tuesday’s trade.
One of the dealers said, “We see a technical rebound in the equity market and this will support the local currency.”
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