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buy apple developer account:Ringgit falls due to safe-have demand for greenback

admin2021-02-0576

KUALA LUMPUR: The ringgit traded lower against the US dollar on Friday due to the strengthening of the greenback as a safe-haven demand for the currency.At 9.15 am, the local currency traded at 4.0500/0560 against the greenback from Wednesday’s close of 4.0440/0470.The local market was closed yesterday for the Thaipusam public holiday.Axi chief global market strategist Stephen Innes said emerging market stocks and currencies struggled under the weight of snail-pace COVID-19 vaccination rollout both domestically and in the developed market, driving the greenback safe-haven demand."Traders expect the ringgit to trade defensively under this narrative,” he told Bernama.Against other major currencies, the ringgit was traded mixed.It appreciated against the Singapore dollar to 3.0451/0508 from 3.0491/0520 on Wednesday and rose against the Japanese yen to 3.8763/8825 from 3.8956/8996.The local currency, however, fell versus the British pound to 5.5558/5617 from 5.5536/5594 and depreciated vis-a-vis the euro to 4.9050/9106 from 4.9021/9131 previously. - Bernama:
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