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Tuesday, 21 February 2012

MARKET TALK: USD/MYR Tad Down On Greek Deal; 3.0100 Floor -Trader

The USD/MYR is lower at 3.0170 vs 3.0190 late Monday tracking gains in Asian currencies after euro-zone finance ministers agreed to the Greek bailout package with strict conditions. "It (Greek bailout deal) is a relief for investors," a local trader says; "we expect the ringgit to advance toward 3.0100 now that risk sentiment is coming back into the market," she adds.

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