Ringgit soars to 3.9850 vs US dollar

by BERNAMA

The ringgit has again breached the psychological level of 4.0 versus the US dollar in a week, thanks to the positive sentiment driven by the encouraging manufacturing data released today, alongside the strong crude oil prices.

At 6pm, the local note finished at 3.9850/9900 against the greenback from 4.0020/0070 on Wednesday.

This is the second time in a week for the ringgit to trade below 4.0 vis-a-vis the US dollar after it closed at 3.9950/9990 on Monday.

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