KUALA LUMPUR, Aug 10 (Bernama) — The ringgit ended higher against the U.S. dollar Thursday supported by active buying on the local unit, dealers said.
At 5 pm, the local currency was traded at 3.6590/6620 against the U.S. dollar compared with 3.6610/6660 Wednesday.
The dollar pushed higher after better-than-expected US trade data for June.
The Commerce Department said the US trade deficit narrowed a touch to 64.8 bln usd in June, compared with a revised 65.0 bln in May. Wall Street analysts had predicted a June deficit of 64.5 bln, up from the original 63.8 bln estimate for May.
Forex - Pound moves back up as BoE’s King sees 50 pct chance of 3 pct inflation
LONDON (AFX) - The pound moved higher, having initially fallen in the wake of what was perceived as a less hawkish Inflation Report, as BoE governor Mervyn King said there is a 50 pct chance of CPI inflation hitting [...]
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