Friday 7 October 2016

Forex Malaysia Update : Ringgit opens lower against US dollar

 Currency Trading Tips

KUALA LUMPUR : The ringgit opened lower against the US dollar today as the greenback stayed solid in front of the US non-ranch payrolls report to be discharged today.

At 9.20 am, the ringgit was cited at 4.1530/1580 against the greenback from 4.1400/1470 on Thursday.

A merchant said dealers were careful in front of the arrival of the report later today after hawkish signs from senior Federal Reserve authorities as of late restored theory of another US loan cost climb in December.

The nearby note was exchanged blended against a wicker bin of significant coinage.

The ringgit fell against the yen to 4.0060/0116 from 3.9965/9052 on Thursday and slipped against the Singapore dollar to 3.0237/0280 from 3.0173/0230

It enhanced against the euro to 4.6210/6270 from 4.6285/6368 and ascended against the British pound to 5.1319/1385 from Thursday's nearby 5.2632/2733.

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