Thursday 1 September 2016

Ringgit sharply lower against greenback in early trade

 Forex Trading | Multi Management & Future Solutions

The ringgit opened strongly bring down against the US dollar today in front of the arrival of the US non-ranch occupations information on Friday, a merchant said.

At 9.03 am, the ringgit was cited at 4.0740/0790 against the greenback from 4.0510/0600 on Tuesday.

The business sector was shut on Wednesday for the Merdeka Day festivity.

The merchant said the arrival of the US non-ranch employments information tomorrow would fortify the planning of the US interest trek, which is generally expected at the US Federal Reserve's next strategy meeting on Sept 20-21.

The nearby cash was additionally exchanged for the most part lower against a wicker container of significant coinage.

The ringgit went up against the Japanese yen at 3.9477/9537 from 3.9588/9687 on Tuesday yet declined against the Singapore dollar at 2.9894/9953 against 2.9754/9829.

It likewise fell against the British pound to 5.3496/3590 from Tuesday's 5.2983/2109 and devalued against the euro to 4.5445/5518 from 4.5246/5362.

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