Malaysia: The ringgit extended
yesterday's gains to continue its strong upward momentum against the US dollar,
buoyed by Bank Negara's decision to leave key interest rates unchanged.
At 9.05am, the local unit traded 160
basis points better at 4.1890/1920 against the greenback from 4.2050/2080 on
Thursday.
The central bank kept the overnight
policy rate unchanged at three per cent at its eighth straight meeting
yesterday.
The ringgit, however, was traded
mixed against a basket of other major currencies.
It rose against the Singapore dollar
to 3.0831/0864 from 3.0878/0905 on Thursday, and appreciated versus the yen to
3.6960/6996 from 3.7058/7088 yesterday.
Against the British pound, the ringgit
decreased to 5.5081/5125 from 5.5060/5112 yesterday, and weakened versus the
euro to 4.8810/8858 from 4.8782/8830 on Thursday.
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