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Ringgit closes higher against US dollar on positive external sentiments

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Ringgit closes higher against US dollar on positive external sentiments Empty Ringgit closes higher against US dollar on positive external sentiments

Post by Cals Thu 17 Oct 2013, 18:15

Ringgit closes higher against US dollar on positive external sentiments
Business & Markets 2013
Written by Bernama   
Thursday, 17 October 2013 17:40
KUALA LUMPU (Oct 17): The ringgit closed higher against the US dollar today on positive external sentiments after the US senate passed the debt ceiling proposal, dealers said.
At 5 pm, the domestic currency was quoted at 3.1480/1510 against the greenback from yesterday's 3.1715/1745 close.
A dealer said the ringgit rose to a one-month high to lead the gains in Asian currencies after the US senate agreed to raise the debt limit and end a 16-day government shutdown.
"The ringgit rose as much as 0.5 per cent to 3.1560 per dollar, its strongest since Sept 20, as investors extended long positions in the Malaysian currency," he said.   
Meanwhile, the ringgit was also higher against other major currencies.
It firmed against the Singapore dollar to 2.5344/5370 from 2.5501/5535 on Wednesday and appreciated against the yen to 3.2149/2186 from 3.2231/2264 yesterday. The local currency rose against the British pound to 5.0664/0725 from 5.0826/0890 yesterday and gained against the euro to 4.2908/2955 from 4.2917/2961 Wednesday.
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