Ringgit shifts high versus USD
On Friday, Ringgit closed with a soaring level against US currency. According to dealers, with dollar diminish against the euro, local currency recovered well from its losses and hence closed higher.
Just as European finance ministers geared up for discussion about measures for fighting high inflation as well as low growth within Europe, euro reclaimed ground against the currency of United States. From 3.4700/4750, Ringgit was noted above US dollar at 3.4500/4550.
From 2.4014/4057, Ringgit was lowered down at 2.4062/4130 against Singapore dollar, whereas, the currency was noted above yen at 3.2093/2143 from its previous value of 3.2430/2492.Against euro the shift in Ringgit was noted from 4.8295/8375 to 4.8686/8771 and against the British pound, it showed a fall from 6.0711/0816 to 6.1110/1212.