- Ringgit opens higher versus Greenback
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Ringgit opens higher versus Greenback

Last update: 14/03/2018
KUALA LUMPUR, March 14 (Bernama) -- The ringgit remained higher against the US dollar at today's opening on continued buying demand for the local note, while benefiting from the fallout arising from the sudden dismissal of US Secretary of State, Rex Tillerson, a dealer said.

At 9 am, the local note was quoted at 3.8920/8970 from 3.8950/9010 on Tuesday.

"US President Donald Trump showed Rex Tillerson the Whitehouse revolving door overnight.

"Meanwhile, the weaker US consumer price index, softer US yields and robust seven-year MSG auction yesterday, saw favourable overnight demand for the ringgit. This is despite Malaysia's January industrial output coming in at below forecast," OANDA Head of Trading Asia-Pacific, Stephen Innes told Bernama.

Yesterday, the Statistics Department released Malaysia's industrial production index, which grew three per cent year-on-year in January 2018, well below the market expectation of 7.1 per cent.....


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