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THE dollar took a heavy beating during the week in review, down 1.17% to 90.71 – hitting its lowest level since April 2018.
AMID a short working week in the United States in conjunction with Thanksgiving holiday, the dollar weakened by 0.43% to 91.99 – hitting the lowest level since January 2018 on the back of easing political noises after President Trump accepted that President-elect Joe Biden’s transition into the White House must begin as well as ongoing vaccine optimism.
THE US dollar was traded broadly weaker during the week reviewed, down 0.50% to 92.29 – touching the lowest level since end-August
KUALA LUMPUR: Investors entered profit-taking mode one day after news of Pfizer's Covid-19 vaccine being rolled out sent Malaysian equities soaring over 3%.
THE dollar fell 1.61% to 92.53 – the lowest in a week – due to ongoing uncertainties over the election outcome.
As local interest picks up, foreign selling is also increasing
KUALA LUMPUR: Glove manufacturers led the FBM KLCI higher on Monday as investors continued to chase the stocks amid rising Covid-19 cases.