KUALA LUMPUR: The ringgit closed marginally higher on Tuesday. At 6 pm, the local note was slightly better versus the greenback at 4.7350/7375 from 4.7380/7395 chalked up last Friday. A dealer said traders have been focusing on the dollar and would continue to do so, capitalising on the rising dollar and rising US treasury yields. Meanwhile, the ringgit weakened against a basket of major currencies from Friday’s closing. It was marginally lower against the Singapore dollar to 3.3233/3253 from 3.3144/3157 previously and versus the Japanese yen, it weakened to 3.1804/1823 from 3.1384/1396 on Friday’s close.

Source: The Star October 26, 2022 00:31 UTC