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Ringgit closes sharply higher against US dollar
by Cals Thu 12 Sep 2013, 00:32
Ringgit closes sharply higher against US dollar
Business & Markets 2013
Written by Bernama
Wednesday, 11 September 2013 18:13
KUALA LUMPUR (Sept 11): The ringgit closed sharply higher against the US dollar, extending its advance for three straight days, boosted by the rise in Malaysia's industrial production index (IPI) and upbeat forecasts for the Malaysian economy for the third quarter of the year, dealers said.
The IPI rose 7.6 per cent year-on-year for July.
The ringgit gained against the US dollar to 3.2600/2630 from 3.2785/2815 yesterday.
The local currency strengthened against the Singapore dollar to 2.5710/5735 from 2.5807/5849 yesterday, and rose against the yen to 3.2506/2542 from 3.2742/2789 on Tuesday.
The ringgit was higher against the British pound at 5.1469/1529 from 5.1486/1546 yesterday, and rose against the euro to 4.3267/3313 from 4.3434/3480 on Tuesday.
Business & Markets 2013
Written by Bernama
Wednesday, 11 September 2013 18:13
KUALA LUMPUR (Sept 11): The ringgit closed sharply higher against the US dollar, extending its advance for three straight days, boosted by the rise in Malaysia's industrial production index (IPI) and upbeat forecasts for the Malaysian economy for the third quarter of the year, dealers said.
The IPI rose 7.6 per cent year-on-year for July.
The ringgit gained against the US dollar to 3.2600/2630 from 3.2785/2815 yesterday.
The local currency strengthened against the Singapore dollar to 2.5710/5735 from 2.5807/5849 yesterday, and rose against the yen to 3.2506/2542 from 3.2742/2789 on Tuesday.
The ringgit was higher against the British pound at 5.1469/1529 from 5.1486/1546 yesterday, and rose against the euro to 4.3267/3313 from 4.3434/3480 on Tuesday.
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