Positive sentiment pushes ringgit to strengthen vs greenback at opening

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KUALA LUMPUR: The ringgit continued to open on a better note this morning, lifted by resilient sentiment ahead of the release of Malaysia's gross domestic product (GDP) data for the second quarter (2Q) of 2024 this week, said an analyst.

Nevertheless, the ringgit traded mixed against ASEAN currencies.

It was up against the Singapore dollar to 3.3348/3442 from 3.3381/3444 on Friday and better against the Indonesian rupiah at 277.3/278.2 versus 277.5/278.2.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited States

Topics: Forex PPI /Business/Business News GDP Ringgit CPI US Dollar Opening

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 09:28:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22023471

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Main Topics: EconomyBusiness

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