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Wednesday 23 May 2018

Ringgit traded mixed, opens slightly lower against the US dollar today on mild profit taking.


Malaysia: The ringgit retreated from yesterday’s gains to open slightly lower against the US dollar today on mild profit taking due to concerns over a possible US interest rate rise.
At 9.04am, the local note was quoted (Daily Forex Signals) at 3.9710/9750 versus the greenback from yesterday’s close of 3.9655/9685.
Meanwhile, the ringgit (Forex Signal Malaysia) traded mixed against a basket of other major currencies.
It was easier against the Singapore dollar at 2.9648/9689 versus 2.9638/9664 on Tuesday, and declined against the yen to 3.5826/5872 from 3.5754/5788.
The local unit appreciated against the British pound to 5.3335/3396 from 5.3423/3480, and rose against the euro to 4.6782/6837 from 4.6884/6924.

  
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