Ringgit extends downtrend against US dollar in early session
The local note fared better against the Singapore dollar at 3.0486/0510 from Friday’s 3.0503/0534 but depreciated against the British pound to 5.4107/4150 from 5.4091/4147. — Picture by Hari Anggara
RHB Bank in its economic research today said the increase in March IPI to 3.1 per cent from 1.7 per cent in February was above expectations, lifted by the manufacturing sector and electricity. Meanwhile, SPI Asset Management Managing Partner Stephen Innes said the market is still heavily biased towards the ongoing trade dispute between the US and China and any fall out in the negotiations would impact the market tremendously.
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