At 9am, the local note fell 240 basis points to open at 4.2140/2180 against the greenback, from last Friday’s close of 4.1900/1940.
AxiCorp’s chief market strategist Stephen Innes said that the economic impact of a possible new coalition government will likely mean that there will be market horse-trading taking place today.It fell further against the Singapore dollar to 3.0063/0103 from 2.9924/9957 on Friday, and declined against the yen to 3.7763/7809 from 3.7504/7550.
The local note retreated vis-a-vis the euro to 4.5642/5689 from 4.5286/5346, and slid against the pound to 5.4554/4610 from 5.4110/4178 on Friday. - Bernama
soon we want need that paper anymore..!?
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