MMFS: Your segmented signals investment advisory firm

Monday, 29 January 2018

#Ringgit-continues-upward-momentum; Local note traded mostly higher.

Malaysia: The ringgit opened higher against the US dollar today on the back of better global crude oil prices.
At 9am, the ringgit stood at 3.8650/8680 against the greenback, from last Friday's close of 3.8690/8720.
Meanwhile, the local note traded mostly higher against a basket of other major currencies.
It rose against the Singapore dollar to 2.9560/9597 from 2.9607/9648, but depreciated against the yen to 3.5563/5601 from 3.5456/5490.
The ringgit was higher against the British pound at 5.4690/4736 from 5.5160/5222, and strengthened against the euro to 4.7976/8029 from last Friday's 4.8185/8234.

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