KUALA LUMPUR, April 6 — The ringgit retreated from yesterday’s gains to end lower against the US dollar today after higher United States (US) yields helped to lift the greenback, despite firmer oil prices, an analyst said. At 6pm, the local currency fell to 4.2130/2155 versus the greenback from...
KUALA LUMPUR, April 6 — The ringgit retreated from yesterday’s gains to end lower against the US dollar today after higher United States yields helped to lift the greenback, despite firmer oil prices, an analyst said.
OANDA senior market analyst Asia Pacific Jeffrey Halley said the US dollar rose overnight as US long-dated yields spiked higher after very hawkish comments from the Federal Reserve governor Lael Brainard.
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