Ringgit extends uptrend against US dollar
Recently released unemployment figures from the Statistics Department have encouraged trading in the ringgit, which has again opened up higher against the US dollar. – The Malaysian Insight file pic, January 12, 2023.
The manufacturing sector also continued its double-digit growth to record RM159 billion in sales in November 2022, an increase of 11.8% y-o-y. On external factors, ActivTrades trader Dyogenes Rodrigues Diniz said investor sentiment turned cautious ahead of the release of US Consumer Price Index data.
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