Forex Currency: Ringgit rebounds higher than US dollar
Issue:ikonfx | Date: 2010年3月8日Forex: The ringgit was firmer against the euro at 4.5676/5730 from 4.5706/5704 last week. "The uptrend will also continue due to the recent weaknesses of the euro and pound. Asian currencies will appreciate faster than others," he added. Against other major currencies, the local forex currency appreciated against the Singapore dollar to 2.3855/3901 from 2.3980/4031 last Friday and also against the Japanese yen to 3.6974/7031 from 3.7653/7719 previously. The ringgit was higher against the US dollar in early trade today in line with most Asian currencies, said dealers. At 9.30am, the local forex unit was traded at 3.3450/3480 against the greenback, compared with Friday's close of 3.3620/3660. The forex dealers said said market players had developed a risk-taking appetite and shifted their interest towards Asian currencies. For more forex, please go to Forex Currency. Edited by Mia
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