KUALA LUMPUR, Aug 17 ― The ringgit opened marginally lower against the US dollar today as political uncertainties weighed on market sentiment, said an analyst. At 9am, the local note stood at 4.2370/2400 versus the greenback compared to yesterday's close of 4.2350/2390. “The ringgit looks...
KUALA LUMPUR, Aug 17 ― The ringgit opened marginally lower against the US dollar today as political uncertainties weighed on market sentiment, said an analyst.
“The ringgit looks particularly vulnerable as Malaysia's political crisis deepens and oil prices remain soft,” said OANDA Asia Pacific senior market analyst Jeffrey Halley. Meanwhile on the external front, ActivTrades trader Dyogenes Rodrigues Diniz said forex investors would be focusing on the US retail sales data to come out later today, which may offer clues on US consumption and might determine the behavior of the greenback in the next few days.
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