KUALA LUMPUR, Dec 24 — The ringgit opened higher against the US dollar today, spurred by fresh buying interest for the local note despite the greenback being near a two-week high on relatively strong United States growth data, a dealer said. At 9am, the ringgit was traded at 4.1390/1440 versus...
Fresh buying interest puts the ringgit on firm ground against the US dollar at opening of trade. — Reuters pic
At 9am, the ringgit was traded at 4.1390/1440 versus the US dollar from yesterday's close of 4.1410/1440. “We are caught in a holiday lull where market participants are taking on a few risks entering the new year, but this could be a temporary lull as everything continues to point to a harmonious dialogue between the United States and China.
He added that the ringgit is expected to trade between 4.135 and 4.150 for the remainder of the week and possibly into next week, barring any negative surprises on the trade talk front.
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