Ringgit opens higher against greenback on weak US home sales

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KUALA LUMPUR: The ringgit opened higher against the US dollar today as weak economic data from the United States (US) took a toll on the greenback, a dealer said.

At 9.04 am, the local note rose to 4.2260/2285 versus the greenback from Monday's close of 4.2300/2320.

"This had an impact on the intraday price action, stopping the dollar from continuing to gain ground against the ringgit. Meanwhile, on the home front, the Dewan Rakyat was told on Monday that the government has decided that it will not advise the Yang di-Pertuan Agong to proclaim an extension of the ongoing emergency after its scheduled end on Aug 1.

 

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