Friday 10 March 2017

Ringgit opens slightly higher against US dollar

 Forex Trading Recommendation

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as financial specialists' advantage moved towards the ringgit, in front of the arrival of US employments information. 

As at 9.06 am, the neighborhood unit remained at 4.4580/4630 against the greenback from 4.4590/4620 at 6pm yesterday. 

A merchant said brokers were fairly mindful on the US dollar as they anticipated the arrival of US non-cultivate payrolls measurements later today, which was probably going to impact the Federal Reserve's choice on raising financing costs at its March 14-15 meeting. 

In the interim, the ringgit was exchanged blended against other real monetary forms. 

The nearby note ascended against the Singapore dollar to 3.1372/1414 from 3.1377/1416 on Thursday and versus the yen, it expanded to 3.8701/8755 from 3.8821/8857. 

The ringgit devalued against the euro to 4.7192/7250 from 4.7074/7123 and was lower against the British pound at 5.4191/4270 from 5.4177/4227 yesterday.

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