Forex News USD/MYR down at 3.2390 late in quiet, rangebound trade vs Friday's 3.2430 close as USD profit taking more than offsets mild bargain-hunting, say traders; but pair off day's low of 3.2340 on lingering political concerns. "Some mild buying of the ringgit on expectation that Bank Negara may hike interest rate by 25 basis points at the rate setting meeting Friday also helps the pair to trade below the last close," says one trader; thinks pair will trade within 3.2300-3.2450 range tomorrow in the absence of fresh leads.
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