KUALA LUMPUR: The ringgit regained its strength against the US dollar at the opening today after experiencing a technical correction yesterday, said an analyst.
At 8.03 am, the local currency traded higher at 4.1235/1320 versus Thursday's close of 4.1430/1485.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said yesterday's ringgit correction was due to an overbought position, which led traders to pocket some gains.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....