(May 23): The ringgit appreciated to its strongest level against the US dollar so far today at 4.2943 on crude oil price gains and as the US dollar weakened.

At 10:39am, the ringgit was traded at 4.2963 against the US dollar after trading between 4.2943 and 4.3030 so far today. Over the last one year, the exchange rate was between 3.9327 and 4.5002.

The US Dollar Index, which measures the value of the US dollar against a basket of currencies fell to 96.869 at 10:31am.

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