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

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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.

 

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