Wednesday 8 February 2017

Ringgit opens slightly lower against US dollar

 Forex Currency Trading Tips

KUALA LUMPUR: The ringgit opened somewhat bring down against the US dollar today on the fortifying of the last mentioned and following a weaker oil showcase, a merchant said. 

At 9.06 am, the neighborhood unit was exchanged at 4.4380/4450 against the US dollar from Tuesday's end of 4.4340/4380. 

A merchant said the ringgit's fall was in accordance with the other Asian monetary standards in the midst of worries over political dangers from the US and Europe. 


The benchmark Brent rough was exchanged 0.91 for every penny bring down at US$54.55 (US$1 = RM4.43) per barrel. 

In the mean time, FXTM Chief Market Strategist, Hussein Sayed, said a broadly disregarded monetary information amid ex-President Barack Obama's time would be one of the fascinating discharges going ahead. 

The neighborhood note was additionally exchanged lower against a wicker bin of real monetary forms. 


It fell against the Singapore dollar to 3.1265/1336 from 3.1239/1276 yesterday and facilitated versus the British pound to 5.5417/5549 from 5.4822/4889 on Tuesday. 

The ringgit fell versus the euro to 4.7371/7464 from 4.7258/7318 on Tuesday and declined to 3.9463/9543 from 3.9448/9491 against the yen yesterday.

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