KUALA LUMPUR, Jan 11 ― The ringgit opened higher against the US dollar today, driven by better-than-expected economic data released by the Department of Statistics Malaysia , a dealer said.
DoSM yesterday announced that the country’s Industrial Production Index increased 9.4 per cent year-on-year in November 2021 due to the expansion in the manufacturing, electricity and mining indices. “From a technical standpoint, it is possible that the ringgit will rally against the US dollar to test the 4.2450 region in the coming days, where it is likely to encounter temporary resistance,” he told Bernama.
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