MMFS: Your segmented signals investment advisory firm

Wednesday, 6 December 2017

Ringgit opens unchanged; #Lawmakers fail to reach a budget accord this week!

Malaysia: The ringgit took a breather from yesterday's rally to open flat against the US dollar this morning with support for the local note remaining positive, dealers said.
At 9 am, the local unit opened at Tuesday's closing level of 4.0650/0680 against the greenback.
A dealer said support for the local currency would remain positive as the US dollar edged down on the possibility of a US government shutdown, if lawmakers fail to reach a budget accord this week as government funding was set to expire on Friday.
"Positive sentiment brought about by strong economic forecast on the back of strong exports for Malaysia, firm crude oil prices as well as expectation of an overnight policy rate rise in January next year would continue to lend support for the ringgit," he added.

LIVE Stock Trading SIGNALS With :
To get More Updates

3 days free trial  
For More Visit Us: 
Tel- +65-3158-2180 Email-

No comments:

Post a Comment