Tuesday 29 November 2016

The ringgit opened lower against the US dollar Tuesday

 Forex Signal Services

KUALA LUMPUR: The ringgit opened lower against the US dollar Tuesday on specialized benefit taking exercises, a merchant said. At 9 am(0100gmt), the neighborhood unit slid against the greenback at 4.4590/4650 from 4.4550/4600 on Monday.

The merchant said feeling is still positive for the ringgit on desires of better hazard hunger, with crisp purchasing enthusiasm from remote subsidizes on Bursa Malaysia, anticipated that would loan bolster.

He included that dealers additionally remained the sidelines to anticipate the result of tomorrow's meeting of the Organization of Petroleum Exporting Countries (Opec). In the interim, the ringgit was blended against other significant monetary standards.

It exchanged lower against the Singapore dollar at 3.1300/1360 from 3.1285/1325 and declined against the yen from 3.9745/9827 to 3.9653/9701. Be that as it may, the ringgit was higher against the euro at 4.7270/7342 from 4.7334/7392 and acknowledged against the British pound at 5.5278/5370 from 5.5576/5652.

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