KUALA LUMPUR: The ringgit continued to appreciate against the US dollar today ahead of the Budget 2023 tabling on Friday (Oct 7), said an analyst. At 6 pm, the local currency rose to 4.6290/6315 against the greenback from Tuesday’s close of 4.6420/6450. "Locals most likely want to validate a directional move before selling the US dollar and buying the local unit. "There seems to be a bit of a long dollar position squeeze across the broader currency markets,” he told Bernama. The local note edged up against the British pound to 5.2706/2734 from 5.2752/2786 at yesterday’s close and inched up against the Japanese yen to 3.2037/2056 from 3.2067/2090 previously.
