{"id":108432,"date":"2021-01-04T11:09:25","date_gmt":"2021-01-04T03:09:25","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=108432"},"modified":"2021-01-04T11:09:27","modified_gmt":"2021-01-04T03:09:27","slug":"ringgit-opens-higher-against-us-dollar-on-first-trading-day-of-new-year","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=108432","title":{"rendered":"Ringgit Opens Higher Against US Dollar on First Trading Day of New Year"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>KUALA LUMPUR, Jan 4 (Bernama) &#8212;&nbsp;The Malaysian ringgit opened higher this morning versus the US dollar, denoting&nbsp;a&nbsp;decent evidence that it provides a guide to performance for the year.<\/p>\n\n\n\n<p>Axi chief global market strategist Stephen Innes said the market continued&nbsp;to build in boatloads of optimism for a global growth recovery in 2021 and an accompanying downward trajectory for the US dollar as the primary consensus view.<\/p>\n\n\n\n<p>At 9 am, the local currency improved to&nbsp;4.0100\/0150 versus&nbsp;the greenback&nbsp;from Thursday&#8217;s close of&nbsp;4.0200\/0250.<\/p>\n\n\n\n<p>He said optimism that&nbsp;widespread COVID-19 vaccine distribution will provide the ultimate economic kick start offers&nbsp;a massive booster shot to corporate profits.<\/p>\n\n\n\n<p>The ringgit was traded higher against&nbsp;other major currencies.<\/p>\n\n\n\n<p>It increased&nbsp;against the Singapore dollar to&nbsp;3.0365\/0414 from 3.0395\/0444&nbsp;last Thursday, rose&nbsp;versus&nbsp;the euro&nbsp;to&nbsp;4.9082\/9156 from 4.9358\/9427, and&nbsp;appreciated&nbsp;vis-a-vis&nbsp;the&nbsp;Japanese yen to 3.8898\/8958 from 3.9018\/9078 and edged up against the&nbsp;British pound to&nbsp;5.4829\/4901 from 5.4905\/4977.<\/p>\n\n\n\n<p>&#8212; BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Jan 4 (Bernama) &#8212;&nbsp;The Malaysian ringgit opened higher this morning versus the US dollar, denoting&nbsp;a&nbsp;decent evidence that it provides a guide to performance for the year. Axi chief global market strategist Stephen Innes said the market continued&nbsp;to build in boatloads of optimism for a global growth recovery in 2021 and an accompanying downward [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":104139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/108432"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108432"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/108432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/104139"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108432"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}