Ringgit hits five-year high against US dollar in holiday trade
The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.
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Abstract:Stocks started the week waiting with bated (baited?) breath for the inflation reports of the week.
It isnt surprising that the market is focused firmly on the rearview mirror for clues about the future since Jerome Powell has made it plain that is his plan.
The dollar is mostly a little firmer with sterling, Canadian dollar, and Norwegian krone about 0.25-0.30% lower.

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The Malaysian ringgit extended its rally, reaching a five-year high against the US dollar, trading in a narrow range of RM4.04-RM4.05.

Gold reached its latest record high during quiet trade on Monday. The question for traders now is whether it can sustain momentum into the year end with depleting volumes.

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