Monday 8 May 2017

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit ascended at the opening against the US dollar today on positive overflow impact from the French presidential decision, where Emmanuel Macron secured triumph over Marine Le Pen. 

At 9.03 am, the nearby note was cited at 4.3330/3360 against the greenback from 4.3350/3400 on Friday. 

Merchants said speculators were soothed as Macron"s position drenched apprehensions of another populist restoration after England voting out of the European Union, and in addition Donald Trump winning the US presidential race a year ago. 

The ringgit was exchanged blended against most significant monetary standards. It ascended against the Singapore dollar to 3.0814/0846 from 3.0856/0896 and was higher against the Japanese yen at 3.8403/8440 from 3.8616/8671 on Friday. 

The ringgit declined against the British pound to 5.6121/6186 from 5.6052/6129 and trimmed against the euro to 4.7529/7579 from 4.7490/7562 already.

Traders could check daily updates about currency market 

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