Evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to.
KUALA LUMPUR: The ringgit rebounded to close firmer against the US dollar as risk appetite improved following the positive Chinese yuan performance, said an analyst.Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the ringgit was generally on firmer footing today, gaining more than 0.25 per cent against the US dollar.
Remarks from China’s premiere Li Qian last Sunday indicated that the country’s low inflation rate amidst low debt burden by the central government would mean it has policy space to prescribe more stabilisation policies.
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