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Tuesday, 27 Jul 2021 10:10 AM MYT
A teller counts RM50 notes in George Town November 27, 2019. ― Picture by Sayuti Zainudin
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KUALA LUMPUR, July 27 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 9.04am, the local note rose to 4.2260/2285 versus the greenback from Monday’s close of 4.2300/2320.
ActivTrades trader Dyogenes Rodrigues Diniz said the new US home sales data came out lower than expected a negative factor for the dollar as the market is currently moving sideways.
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Tuesday, 25 May 2021 09:41 AM MYT
A teller counts RM50 notes in George Town November 27, 2019. ― Picture by Sayuti Zainudin
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KUALA LUMPUR, May 25 The ringgit rebounded from yesterday’s close to open higher against the US dollar today, on renewed buying support due to positive development of the Covid-19 vaccine rollout, dealers said.
At 9.06am, the local note was higher at 4.1400/1440 against the greenback from Monday’s close of 4.1440/1480.
A dealer said that the local market reacted positively as the Covid-19 Immunisation Task Force (CITF) said that Malaysia has more than enough vaccines for its people.
Friday, 30 Apr 2021 07:07 PM MYT
A teller counts RM100 notes in George Town November 27, 2019. ― Picture by Sayuti Zainudin
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KUALA LUMPUR, April 30 The ringgit ended the week on a higher note against the US dollar today on steady crude oil prices, as well as optimism on Malaysia’s economic growth this year, said an analyst.
At 6pm, the local currency soared 130 basis points (bps) to close at 4.0870/0930 against the greenback from Wednesday’s close of 4.1000/1050.
The market was closed yesterday in conjunction with Nuzul al-Quran holiday.
The Asian Development Bank (ADB) recently said Malaysia’s gross domestic product is projected to rebound to six per cent in 2021 and stabilise at about 5.7 per cent in 2022, supported by the rollout of Covid-19 vaccines and continued accommodative fiscal and monetary policies.