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Ringgit at 4.0825 vs US dollar ahead of OPEC meet

Ringgit at 4.0825 vs US dollar ahead of OPEC meet

KUALA LUMPUR (Nov 29): The ringgit appreciated to 4.0825 against a weakening US dollar and as investors speculate that the Organization of the Petroleum Exporting Countries (OPEC) and Russia may extend oil supply cuts until the end of 2018 to support prices of the commodity.

At 4.0825, the ringgit was traded at its strongest level against the US dollar over the last one year, when the exchange rate was between 4.0825 and 4.5002.

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