At 9 am, the local note eased to 4.4595/4640 versus the greenback from yesterday’s closing rate of 4.4565/4585. theSun theSundaily ringgit currency USDollar Dollar business
: The ringgit opened lower against the US dollar in early trade today, slipping further on the back of improving United States economic data, an analyst said.
ActivTrades trader Dyogenes Rodrigues Diniz said the US Core Durable Goods Orders indicator, which measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items, was higher than expected, signalling the US economy is stronger than previously expected.
“From a technical point of view, USD/MYR has just broken above the 4.4350 flat and could move up to 4.4700 in the coming days, where it should find temporary resistance,“ he told Bernama.Against the Japanese yen, it edged up to 3.3392/3428 from 3.3397/3415 at the close on Wednesday, fell against the British pound to 5.5614/5671 from 5.5573/5597 and declined vis-a-vis the euro to 4.9255/9305 from 4.9209/9231.
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