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Tuesday, 27 March 2018

Ringgit traded mostly higher on increased demand and amidst rising crude oil prices; Brent crude oil rose at the opening

Malaysia: The ringgit opened higher against the US dollar today on increased demand and amidst rising crude oil prices.
At 9.02am, the local note was quoted at 3.8870/8900 from Monday’s close of 3.8940/8970.
The benchmark Brent crude oil rose 0.19 per cent to US$69.65 per barrel at the opening today.
Meanwhile, the ringgit traded mostly higher against a basket of other major currencies.
It rose against the Singapore dollar to 2.9692/9724 from 2.9709/9737 on Monday, and was higher against the yen at 3.6798/6830 from 3.7050/7086.
The local unit appreciated against the British pound to 5.5316/5370 from 5.5353/5408, but slipped versus the euro to 4.8393/8434 from 4.8305/8346.
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