Ringgit rebounds against US$ to open marginally higher

欧博APP下载（www.aLLbet8.vip）是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

KUALA LUMPUR: The ringgit rebounded from yesterday's losses to open marginally higher against the US dollar today, as slightly cheaper prices prompted some investors to return to the emerging currencies, dealers said.

At 9.10 am, the local currency appreciated versus the greenback to 4.4355/4400 from Tuesday’s close of 4.4385/4405.

A dealer said that the greenback gained its momentum on Tuesday after the closely-watched US nonfarm payrolls increased more than expected in June to 372,000 against consensus projection of 268,000.

He said the positive data would certainly lend further support for another 75-basis point (bps) hike in the Fed Funds Rate.

电报群搜索工具（www.tel8.vip）是一个Telegram群组分享平台，电报群搜索工具包括电报群搜索工具、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。电报群搜索工具为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

On the home front, analysts expect Bank Negara Malaysia (BNM) to raise the Overnight Policy Rate (OPR) one more time during its September meeting, by another 25 bps to 2.50 per cent.

The ringgit was traded mixed against a basket of major currencies.

It weakened against the British pound to 5.2729/2783 from 5.2539/2562 on Tuesday and decreased versus the euro to 4.4528/4573 from 4.4456/4476 previously.

The local unit, however, was higher against the Singapore dollar at 3.1525/1561 from 3.1539/1556 yesterday and strengthened vis-a-vis the Japanese yen to 3.2352/2390 from 3.2414/2431.

The market was closed on Monday, a replacement public holiday for Aidiladha which fell on Sunday. - Bernama