KUALA LUMPUR, June 25 — The ringgit closed higher against the US dollar today, buoyed by a higher-than-expected Consumer Price Index (CPI) for May, suggesting that Bank Negara Malaysia (BNM) may keep the Overnight Policy Rate (OPR) steady.
At 6 pm, the ringgit was trading at 4.7035/7070 against the greenback, up from Monday’s close of 4.7110/7150
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Ringgit ends higher
The ringgit showed mixed results against other major currencies. It depreciated against the Japanese yen to 2.9513/9537 from 2.9508/9535 and weakened against the British pound to 5.9687/9732 from 5.9679/9730. The ringgit improved slightly against the euro, trading at 5.0440/0478 compared to 5.0511/0554.
Additionally, the ringgit performed better against its ASEAN counterparts, reflecting its mixed but overall positive performance in the foreign exchange market today.
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