Monday 27 June 2016

Ringgit opens higher against US$ Monday following Brexit


 Mulit Management & future Solutions

KUALA LUMPUR: The ringgit persevered to open less difficult  towards the us dollar these days following the marvel vote by Britain to go out the ECU Union (european), dealers said.

At 9.02 am, the nearby unit turned into quoted at 4.1250/1350 against america dollar from 4.0850/0950 remaining Friday.

A supplier stated traders were clueless as to what could manifest next, after Britain voted to go out the european.

"This has additionally spurred demand for safe-haven property and a further decline in oil fees amid the global financial uncertainty," said a dealer.

The ringgit opened mixed against different fundamental currencies.

 It fell in opposition to the Singapore dollar to a few.0318/0411 from 3.0148/0246 last Friday and decreased towards the yen to four.0299/0436 from 3.9668/9777 formerly.

 however, the nearby unit become firmer towards the British pound at 5.5234/5384 from 5.6806/6961 and strengthened as opposed to the euro to 4.5404/5543 from 4.5450/5573 previously.


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