The ringgit rebounded against the US dollar, in early trade today, on fresh buying interest, dealers said.
At 9.10am, the currency was quoted 3.2055/2085 against 3.2180/2210 yesterday.
A dealer said the greenback had retreated from a near three-week peak on renewed concerns after Federal Reserve officials released a comment saying the Fed's exit strategy was still way out in the future.
The local currency was lower against the Singapore dollar at 2.5149/5188 from 2.5141/5168 on Monday but strengthened against the yen to 3.2704/2748 from 3.2797/2844 previously.
The ringgit depreciated against the British pound to 4.9504/9564 from 4.9454/9510 yesterday but was stronger against the euro at 4.2062/2108 from 4.2175/2224 on Monday.-- Bernama
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KC Loh
overhang... :(
2013-06-25 11:04