The ringgit was the biggest gainer among regional currencies yesterday, as investor sentiment towards Malaysia improved after crude oil prices breached US$50 (RM203.94) per barrel for the first time since November 2015. Friday morning it strengthened further.
Analysts noted that the dissipation of fear over a potential interest rate hike in the United States next month also helped buoy the ringgit, which moved in tandem with other emerging-market currencies.
At 5pm yesterday, the Malaysian currency was quoted at 4.078 against the US dollar.
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Analysts noted that the dissipation of fear over a potential interest rate hike in the United States next month also helped buoy the ringgit, which moved in tandem with other emerging-market currencies.
At 5pm yesterday, the Malaysian currency was quoted at 4.078 against the US dollar.
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
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