Thursday 20 October 2016

The ringgit expanded yesterday's rally against the US dollar.

 CurrencyTradingTips

KUALA LUMPUR: The ringgit expanded yesterday's rally against the US dollar and other significant monetary standards on kept purchasing premium and as the oil cost reinforced, merchants said. 

At 9.20 am, the ringgit was cited at 4.1740/1790 to the greenback against Wednesday's 6 pm close of 4.1900/1950. 

A merchant said an overnight bounce in oil costs to a 15-month high had helped the ringgit's quality. 

The benchmark Brent Crude climbed 1.9% to US$52.67, while West Texas Intermediate Crude touched US$51.93, the most elevated since July 2015. 

"Markets will watch the third and last US presidential verbal confrontation today, before the Nov 8 decision, for some exchanging prompts," he included 

The neighborhood note was more grounded against the Singapore dollar at 3.0040/0086 from 3.0220/0260 yesterday and rose against the yen to 4.0274/0334 from 4.0514/0578. 

It acknowledged against the British pound to 5.1278/1343 from 5.1499/1578 and fortified against the euro to 4.5772/5835 from 4.6073/6132.



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