Tuesday 23 August 2016

Ringgit opens lower against US Dollar

 Multi Management & Future Solutions

The ringgit exchanged lower against the US dollar at opening today, as bullish slant over the US economy supported the quality of the greenback, merchant said.

At 9 am, the neighborhood unit was cited at 4.0280/0330 to the greenback from 4.0200/0260 on Monday.

A merchant said remarks from US Federal Reserve arrangement creators had supported any desires for another rate trek this year.

Be that as it may, it might need to sit tight for further US household information, to legitimize bringing the financing cost up in December.

In the interim, the ringgit exchanged lower against a wicker bin of significant coinage.

It fell against the British pound to 5.2904/3002 from 5.2662/2749 yesterday, and picked up against the yen to 4.0212/0282 from 3.9921/9992, while debilitating against the Singapore dollar at 2.9830/9885 from 2.9747/9802.

The nearby note facilitated against the euro to 4.5617/5690 from 4.5402/5478 on Monday. - Bernama

No comments:

Post a Comment