The ringgit opened higher against the US dollar Monday propped up by stronger global oil prices amid returning interest to emerging markets, dealers said.
At 9 am(0100GMT), the local unit was quoted at 4.0750/0810 against the US dollar from Friday's close of 4.0970/0030.
A dealer said interest in emerging market assets returnesd following the US Federal Reserve's decision to maintain interest rate last week.
Meanwhile, he said the stronger oil prices further drove interest in oil exporting countries' assets.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
At 9 am(0100GMT), the local unit was quoted at 4.0750/0810 against the US dollar from Friday's close of 4.0970/0030.
A dealer said interest in emerging market assets returnesd following the US Federal Reserve's decision to maintain interest rate last week.
Meanwhile, he said the stronger oil prices further drove interest in oil exporting countries' assets.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment