MMFS: Your segmented signals investment advisory firm

Wednesday, 14 February 2018

Malaysia; ahead against a basket of other major currencies, the ringgit traded mixed, positive. GDP Growth & local sentiment ahead.

Malaysia: The ringgit opened higher against the US dollar this morning on continued positive local sentiment ahead of Malaysia’s 2017 gross domestic product (GDP) growth announcement.
At 9am, the ringgit stood at 3.9300/9350 against the greenback from Tuesday’s close of 3.9370/9400.
Against a basket of other major currencies, the ringgit traded mixed.
It fell against the euro to 4.8555/8633 from 4.8476/8517, and was marginally lower against the Japanese yen at 3.6487/6540 from 3.6569/6600 on Tuesday.
The local note rose against the British pound to 5.4584/4673 from 5.4653/4715, and inched up versus the Singapore dollar to 2.9750/9793 from 2.9760/9792 previously.
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