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Ringgit opens marginally higher against greenback

Trading quiet amid weakening demand for US$ and recent credit downgrade

Updated 5 years ago · Published on 09 Dec 2020 9:43AM

Ringgit opens marginally higher against greenback
The local note traded at 4.0680/0730 against the US dollar from yesterday’s close of 4.0700/0740. – AFP pic, December 9, 2020

KUALA LUMPUR – The ringgit was marginally higher against the US dollar at the opening today, trading in a quiet tone amidst weakening demand for the greenback, said an analyst.  

At 9am, the local note traded at 4.0680/0730 against the US dollar from yesterday’s close of 4.0700/0740. 

Axi chief global market strategist Stephen Innes said the ringgit is being traded cautiously in very tight ranges, while trying to recover from the recent credit rating agency’s downgrade. – Bernama, December 9, 2020.

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