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Ringgit Lower Against US$ In Early Trade Tuesday

in Latest/Slider

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar Tuesday.

At 9.22 am(0122gmt), the local unit was quoted at 4.1760/1810 against the greenback from Monday’s close of 4.1750/1800.

The US dollar strengthened on growing expectations of an interest rate hike by the Federal Reserve, said a dealer.
He said recent comments by officials from the Fed, indicating as much, had dampened demand for the ringgit.

However, against other currencies the ringgit traded higher, supported by positive sentiment from the 2017 Budget announcement last Friday, he said.

It rose against the Singapore dollar to 2.9972/0010 from 2.9997/9037 on Monday and strengthened against the yen to 3.9996/0052 from 4.0167/0227.

The ringgit also improved against the British pound at 5.1039/1104 from 5.1106/1184 and gained against the euro to 4.5410/5481 from 4.5445/5512.
— BERNAMA
The following table shows rates for Asian currencies against the dollar at 0133 GMT(0933 Malaysian time) Tuesday.

CURRENCIES VS U.S. DOLLAR
Currency Latest bid Previous day Pct Move
Japan yen 104.41 104.18 -0.23
Sing dlr 1.3934 1.3932 -0.01
Taiwan dlr 31.720 31.683 -0.12
Korean won 1137.40 1131.00 -0.56
Baht 35.05 35.12 +0.19
Peso 48.315 48.190 -0.26
Rupiah 13017 13012 -0.04
Rupee 66.85 66.85 0.00
Ringgit 4.1775 4.1750 -0.06
Yuan 6.7777 6.7775 0.00

Change so far in 2016
Currency Latest bid End prev year Pct Move
Japan yen 104.41 120.30 +15.22
Sing dlr 1.3934 1.4177 +1.74
Taiwan dlr 31.720 33.066 +4.24
Korean won 1137.40 1172.50 +3.09
Baht 35.05 36.00 +2.70
Peso 48.32 47.06 -2.60
Rupiah 13017 13785 +5.90
Rupee 66.85 66.15 -1.04
Ringgit 4.1775 4.2935 +2.78
Yuan 6.7777 6.4936 -4.19

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