The Malaysian ringgit opened slightly firmer on Friday as United States Treasury yields pulled back and early Asian session positioning supported the local currency.
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Malaysian ringgit strengthens at opening amid global yield movements
Market analysts attributed the ringgit’s gains to risk-on sentiment and reduced upward pressure on the greenback following yield adjustments in major markets.
Traders will be watching upcoming domestic and global economic data for further direction on the ringgit’s performance.
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