Kuala Lumpur, Aug 15 (Bernama) - The Ringgit is likely to be greater against the I dollars in the next week, following the Outlook is greater stock market, dealers said.
"The positive market sentiment on Bursa Malaysia to encourage more purchasing of local currency," said the trader.Analysts said that the Asian economies of the sign of a slowdown include the increasing confidence of the market and the Asian currencies.Asian markets recovered Thursday after u. S. Key Federal Reserve decision to keep interest rates close to zero.The market sentiment improved in the Asian market engine has also been reports of better global economic outlook, after Germany and France to inform the growth in the second quarter.
According to analysts, the improved economic outlook in Europe helped offset the weakness u. S. Retail date.
During the week, the Ringgit against the U.S. dollar rebounded on Thursday won the local stock market has helped to stimulate demand for local currency."However, government intervention may limit advances in Asian currencies," said the transaction.The Ringgit ended the week lower against the U.S. dollars, reversing its earlier won because he was under selling pressure on the suspected intervention by the authorities of the kingdom in Ringgit advance.
Traders said the authorities were monitoring the movement of regional currencies, particularly in Asia.On Friday, the U.S. dollar advanced against the Singapore I dollars, but his power was limited by problems of a possible central bank intervention.It was also widely believe that the central bank of Thailand has intervened in the market to contain the advanced baht.In a weekly comparison, the Ringgit ended the week lower against the U.S. dollars 3.5170/5210 from 3.4990/4020 last Friday.
During the week, the Ringgit against the U.S. dollar rebounded on Thursday won the local stock market has helped to stimulate demand for local currency."However, government intervention may limit advances in Asian currencies," said the transaction.The Ringgit ended the week lower against the U.S. dollars, reversing its earlier won because he was under selling pressure on the suspected intervention by the authorities of the kingdom in Ringgit advance.
Traders said the authorities were monitoring the movement of regional currencies, particularly in Asia.On Friday, the U.S. dollar advanced against the Singapore I dollars, but his power was limited by problems of a possible central bank intervention.It was also widely believe that the central bank of Thailand has intervened in the market to contain the advanced baht.In a weekly comparison, the Ringgit ended the week lower against the U.S. dollars 3.5170/5210 from 3.4990/4020 last Friday.
The Ringgit U.S. dollar also weakened against the Singapore 2.4363/4414 on Friday, 2.4343/4384 until last Friday, and was also lower against the Japanese yen to 3.6939/7001 to 3.6770/6813 before.
However, the local currency strengthened against the British free on Friday at 5.8220/8304 from 5.8507/8571 last Friday, and against the euro at 5.0223/0297 from 5.0239/0292 previously.
However, the local currency strengthened against the British free on Friday at 5.8220/8304 from 5.8507/8571 last Friday, and against the euro at 5.0223/0297 from 5.0239/0292 previously.
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