Ringgit rebounds against US dollars as weak sentiment eases
At 6pm, the ringgit fell to 4.1300/1350 against the US dollar from 4.1400/1450 at yesterday's close. — Reuters pic
“The ringgit has been depreciating much and now bargain-hunting emerges to take advantage . Investors’ focus are now more towards fundamentals,” a dealer told Bernama. He said Malaysia’s March inflation data, which is due next week, would show whether prices had rebounded from the deflation recorded in the first two months of the year, where a meaningful return to inflationary territory could offset the ringgit’s weakness against the US dollar.
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