Friday 16 December 2016

The ringgit opened lower Friday

 currency pairs


KUALA LUMPUR: The ringgit opened lower Friday, the last exchanging day of the week, hosed by outer slant, a merchant said.

At 9 am(0100gmt), the ringgit was exchanged at 4.4660/4690 versus the US dollar from 4.4440/4480 at Thursday's end.

The fortifying of the US dollar because of the late declaration by the Federal Reserve on financing costs has influenced Asian monetary forms and also developing business sector coinage, and Malaysia is not prohibited.

FXTM Research Analyst Lukman Otunuga said from a specialized stance, the dollar is intensely bullish on the day by day time span with yesterday's hawkish astound sending the US Dollar Index to crisp 14-year highs over 102.50.

"The dollar's quality could turn into a key subject in 2017 as the enhancing notion towards the US allures bullish speculators to drive the greenback higher," he said in an announcement.

Against a crate of real monetary standards, the ringgit exchanged higher.

Opposite the Singapore dollar, the ringgit rose to 3.0945/0983 from 3.1049/1096 and versus the yen, it enhanced to 3.7758/7796 from 3.7846/7894 on Thursday.

Against the British pound, the nearby money acknowledged to 5.5320/5380 from 5.5873/5949, while against the euro it rose to 4.6518/6563 from 4.6851/6921.

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