KUALA LUMPUR: The ringgit jumped to a seven-year high to close at 3.9175 versus the US dollar on Wednesday as improved risk sentiment and a softer greenback continued to support the local currency, which rose for the third consecutive day this week.

At 6 pm, the ringgit bounced to 3.9175/9235 versus the greenback from 3.9500/9555 at Tuesday’s close. This was the strongest closing level since it hit 3.9150 in April 2018.