Tuesday 9 August 2016

Ringgit opens firmer against US Dollar


KUALA LUMPUR: The ringgit opened firmer against the US dollar today reinforced by business request, a merchant said.

At 9.15 am, the neighborhood money was cited at 4.0300/0350 against the greenback, up from 4.0350/0400 at yesterday's 6 pm shutting.

"The ringgit and some other developing monetary forms fortified in early Asian exchange additionally in light of the fact that the dollar edged down on transient specialized benefit taking.

"Yet, it (greenback) stayed bolstered by players' certainty that the US Federal Reserve would raise the loan fees before year-end," she said.

The neighborhood note was likewise exchanged firmer against other significant monetary standards.

It acknowledged against the Singapore dollar to 2.9894/9938 from Monday's 2.9935/9990 and picked up against the yen to 3.9352/9412 from 3.9397/9461.

The ringgit likewise reinforced against the British pound to 5.2390/2471 from yesterday's 5.2649/2730 and enhanced against the euro to 4.4660/4732 from 4.4756/4820. - Bernama





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