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Ringgit halts five-day gain as dollar rebounds

Ringgit halts five-day gain as dollar rebounds

KUALA LUMPUR (Jan 26): Ringgit halts five-day advance as the dollar rebounds after U.S. President Donald Trump said he wants to see a strong greenback.

* USD/MYR rises 0.1% to 3.8880; pair fell 1.8% over last five days

** Support 3.8855, 3.8465, 3.8170; resistance 4.0055, 4.0465, 4.0524

** Bloomberg Dollar Spot Index up 0.1%, adding to similar gain Thursday

* SEB expects ringgit to strengthen to 3.70 per dollar by year-end, says Sean Yokota, head of Asia strategy in Singapore

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