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aws账号(www.2km.me)_Ringgit opens lower on improved demand for greenback

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KUALA LUMPUR: The ringgit opened lower against the US dollar today on better demand for the greenback as the US Treasury yields increased.At 9 am, the local currency was traded at 4.1795/1825 against the greenback from 4.1715/1740 at Monday’s close.According to news reports, the rise in the US yields is a sign that the US dollar could extend last year’s rally as markets anticipate the US Federal Reserve would initiate a cycle of interest-rate increases this year.However, the ringgit's losses was limited by the support of firmer oil prices.At the time of writing, Brent crude was trading 0.38 per cent higher at US$79.38 per barrel.On another note, Moody’s Analytics in its Asia Pacific Economic Preview report for Jan 3-7 week said Malaysia’s export sector outlook is expected to be positive in 2022, with trade primed to lead the country returning to the pre-pandemic growth in the middle of the year.However, it said the Omicron variant and extreme weather may pose a risk to supply chains.Meanwhile, the ringgit was traded mostly higher against a basket of other major currencies.The local note gained versus the Singapore dollar to 3.0879/0904 from Monday’s close of 3.0917/0929 but marginally decreased against the Japanese yen to 3.6230/6259 from 3.6220/6245.It appreciated vis-a-vis the British pound to 5.6331/6376 from 5.6414/6431 on Monday and strengthened against the euro to 4.7255/7282 from 4.7363/7396. - Bernama
转载说明:本文转载自Sunbet。

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