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The Malaysian ringgit rose against the dollar amid U.S. shutdown fears and global trade tensions.
The Malaysian ringgit strengthened against the US dollar on Tuesday, opening at 4.2165/2300, up from Friday’s close, fueled by U.S. government shutdown fears and trade tensions with China.
The currency’s gains were supported by expectations of a Federal Reserve interest rate cut and a cautious market ahead of a high-stakes U.S.-China summit.
The ringgit also rose against several major currencies, while regional performance varied.
Asian markets saw mixed trends amid shifting investor sentiment, with Wall Street rising on strong earnings and oil prices falling to a five-month low.
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El ringgit malasio subió frente al dólar en medio de los temores de cierre de Estados Unidos y las tensiones comerciales mundiales.