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Ringgit closes higher against US dollar on buying interest
by Cals Wed 26 Jun 2013, 01:56
| Ringgit closes higher against US dollar on buying interest |
| Business & Markets 2013 |
| Written by Bernama |
| Tuesday, 25 June 2013 18:19 |
KUALA LUMPUR (June 25): The ringgit closed higher against the US dollar today, boosted by buying interest for Asian currencies, including the ringgit, a dealer said.
At 5pm, the ringgit was quoted at 3.1820/1850 to the greenback against Monday's close of 3.2180/2210.
A dealer said most of the Asian currencies had benefitted following a report that two top Federal Reserve (Fed) officials downplayed market fears of an imminent end to the bond buying programme.
"Investors will now focus on US data later today in light of the Fed's message that its outlook for stimulus will be tied to how the economy fares in coming months," he said.
The ringgit traded higher against other major currencies.
The local unit was stronger against the yen at 3.2767/2811 from 3.2797/2844 on Monday and appreciated against the British pound to 4.9111/9173 from 4.9454/9510.
The ringgit also closed higher against the euro at 4.1773/1819 from 4.2175/2224 and improved against the Singapore dollar to 2.5043/5095 from 2.5141/5168 yesterday. -- BERNAMA
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» Ringgit closes higher against US dollar
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