KUALA LUMPUR, June 11 ― The ringgit was unchanged with an upside bias against the US dollar this morning as trade tension between the US and Mexico de-escalate, a dealer said.

At 9am, the ringgit was at 4.1620/1660 against the greenback from 4.1620/1650 at yesterday's close.

OANDA Senior market analyst, Edward Moya said both North American neighbours recently brokered a deal on immigration which would avert the US from imposing a punitive tariff on Mexican goods for now.

As part of the deal, Mexico will deploy 6,000 more troops at the border to deter illegal migration to the US with the application for asylum are processed within the country.

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Trump claimed a document was signed, but Mexico’s foreign minister said that was not the case.

“For now, markets will not worry about the Mexico and US relations and move the focus back to the ongoing Sino-US trade war,” he said.

At the opening, the ringgit, however, traded mostly lower against a basket of major currencies, except against the pound.

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It depreciated against the Singapore dollar to 3.0469/0518 from 3.0451/0477 at last Monday's close, lower versus the yen to 3.8352/8400 from 3.8331/8366 and weakened against the euro to 4.7085/7147 from 4.7047/7098.

Vis-a-vis the pound, the local unit was better at 5.2799/2854 to 5.2812/2866 at last Monday's close. ― Bernama