Ringgit Surges as Oil Supply Concerns Ease
The ringgit strengthened against the US dollar at the end of Friday's trading session due to easing concerns over crude oil supply, according to an analyst.
The local currency rose to 4.0795/0840 against the greenback from Thursday's close of 4.0965/1010.
This improvement in market sentiment contributed to the ringgit's gain, making it a more attractive investment option for some traders.