Ringgit Opening, Ringgit Higher, Weak Us Dollar

Ringgit Opening, Ringgit Higher

Ringgit extends gains to open higher against US dollar | Malay Mail

Ringgit extends gains to open higher against US dollar

11.7.2019

Ringgit extends gains to open higher against US dollar

KUALA LUMPUR, July 11 — The ringgit extended yesterday's uptrend to trade higher against the US dollar in early session today, as more investors shifted interest away from the safe haven due to concerns on the global economic outlook, dealers said. At 9.20am, the local note stood at 4.1270/1300...

KUALA LUMPUR, July 11 — The ringgit extended yesterday's uptrend to trade higher against the US dollar in early session today, as more investors shifted interest away from the safe haven due to concerns on the global economic outlook, dealers said.

A dealer said that the greenback retreated against most currencies from the early week gains it made after the US Federal Reserve chairman Jerome Powell gave a bearish comment on the US economic outlook last night.

The ringgit, however, traded mixed against a basket of major currencies.

The ringgit depreciated against the euro to 4.6462/6500 from 4.6425/6476 but rose against the pound to 5.1604/1658 from 5.1646/1700 previously. — Bernama

Read more: Malay Mail

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