Monday 20 February 2017

Ringgit extends last week's downtrend against US$ early Monday

Forex Recommendation in Malaysia

KUALA LUMPUR: The ringgit stretched out a week ago's downtrend to open simpler against the US dollar, in early exchange Monday, hosed by frail enthusiasm for the money, delears said. 

At 9 am(0100gmt), the neighborhood unit was exchanged at 4.4550/4600 against the greenback from 4.4510/4550 last Friday. 

The ringgit is required to move between 4.44-4.45 against the US dollar this week, with assessment impacted by outside financial conditions, including declarations by US President Donald Trump. 

Against other real monetary forms, the ringgit was exchanged for the most part lower. 

It fell against the Singapore dollar to 3.1426/1468 from 3.1416/1451, debilitated versus the yen to 3.9456/9518 from 3.9417/9463, contracted against the British pound to 5.5322/5411 from 5.5273/5336 however refreshing opposite the euro to 4.7294/7352 from 4.7372/7428 on Friday.

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