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Ringgit rebounds on improved interest towards riskier appetite

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Investors encouraged by the global economy’s positive outlook. FMTNews Ringgit

KUALA LUMPUR: The ringgit rebounded from yesterday’s losses to trade higher against the US dollar at the early session today as a positive outlook on the global economy shifted investors’ interest towards riskier appetite, including ringgit, dealers said.A dealer said investors were positive on news that US President Donald Trump’s administration is prepared to take further steps if needed to shore up the nation’s economy during the Covid-19 outbreak.

The ringgit also fell vis-a-vis the euro to 4.7367/7456 compared with 4.7179/7283 at yesterday’s close and weakened against the British pound to 5.2980/3038 from 5.2925/2039 previously.

 

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