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.
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