KUALA LUMPUR: The ringgit fell against the US dollar this morning as the greenback continued to be buoyed by bullish sentiments.
At 9.15 am, the local note slid to 4.7050/7095 against the US dollar from Tuesday’s close of 4.6875/6915
He noted that the US Conference Boards’ Consumer Confidence came in slightly lower than expected at 103.0 versus the forecasted 105.5, while the New Home Sales data for August also came in slightly lower than expected at 675,000 against the forecast of 700,000. From the technical point of view, despite the upward movement today, Diniz said the market has not yet managed to break above the lateralisation over the last few days.
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