At 9 am, the local note inched down to 4.4270/4310 versus the greenback compared with last Friday’s closing rate of 4.4250/4305. theSun theSundaily business Finance ringgit news currency
: The ringgit was traded slightly lower against the US dollar in the early session today due to escalating market uncertainties, according to an economist.
Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said the International Monetary Fund chief, Kristalina Georgieva indicated that the risks of financial instability have increased. As such, Mohd Afzanizam foresees that the ringgit would move in a tight range between RM4.42 and RM4.43 today.The local note fell vis-a-vis the euro to 4.7635/7678 from 4.7476/7535 at last Friday’s close and depreciated against the British pound to 5.4142/4191 from 5.4034/4101 previously.At the same time, the ringgit was traded mixed against Asean currencies.
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