Published:
9 June 2014 | Updated: 9 June 2014 2:41 AM
Positive
external sentiments helped push the risk appetite for the ringgit which also
extended its gains from last week.
At 9.30am, the
ringgit was quoted at 3.1980/2010 against the
greenback from 3.2210/2130 at 5pm on Friday.
A dealer said
emerging currencies climbed after the European Central Bank on Friday decided
to cut its key benchmark rates, causing capital to flow
from the Eurozone to Asia's bond fund markets and burnishing the global
outlook.
Against
other major currencies, the local unit was traded higher.
It appreciated
against the Singapore dollar to 2.5564/2606 from 2.5639/5661 on Friday and
gained against the yen to 3.1191/1226 from 3.1388/1414 last week.
Against
the British pound, the ringgit strengthened to 5.3742/3802 from 5.3967/4007 on
Friday and versus the euro, it improved to 4.3630/3674 from 4.3779/3812
previously.
– Bernama, June 9, 2014.
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