Ringgit ends higher against US dollar, tracks equity market | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

KUALA LUMPUR, July 17 — The ringgit ended higher against the US dollar at the close today in line with the improved sentiment on the local equities market, dealers said. The FTSE Bursa Malaysia KLCI ended on a firm note, rising 31.33 points to 1,596.33. As at 6 pm, the local unit rose to...

A Malaysia Ringgit note is seen in this illustration photo June 1, 2017. — Reuters pic

AxiCorp chief global market strategist Stephen Innes said the local currency was marginally better due to upbeat local stock market but trading activity remained very light. “A favourable result that could add more stimulus to the market and support risk sentiment should see the euro higher and the dollar lower...and this should benefit the ringgit,” he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU

Australia Australia Latest News, Australia Australia Headlines