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Ringgit Opens Lower Against US$ Tuesday Dec 27

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KUALA LUMPUR: The ringgit opened slightly lower against the greenback Tuesday, post the Christmas holiday, on a lack of impetus coupled with weak crude oil prices, said dealers.

At 9 am(0100gmt), the local unit slid to trade at 4.4750/4800 against the US dollar from last Friday’s close of 4.4725/4755.

A dealer said the benchmark Brent Crude oil price was on a minor downtrend at US$55.07 per barrel, while the West Texas Intermediate was on a lower note at US$53.05 per barrel.

“The forex market is expected to be active as traders would want to capitalise on and stretch trading before the year ends,” he said.

The ringgit traded mixed against other major currencies.

It appreciated against the Singapore dollar to 3.0892/0935 from last Friday’s 3.0934/0959, was marginally lower against the yen at 3.8118/8163 from 3.8112/8145 and declined against the British pound to 5.4935/5041 from 5.4904/4946.

However, the local note edged up vis-a-vis the euro to 4.6746/6807 from 4.6751/6800.
— BERNAMA
The following table shows rates for Asian currencies against the dollar at 0136 GMT (0936 Malaysian time) on Tuesday Dec 27.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0136 GMT

Currency Latest bid Previous Pct Move
day
Japan yen 117.42 117.11 -0.26
Sing dlr 1.4486 1.4483 -0.02
Taiwan dlr 32.247 32.250 +0.01
Korean won 1205.40 1201.40 -0.33
Baht 35.98 35.96 -0.04
Peso 49.820 49.770 -0.10
Rupiah 13425 13445 +0.15
Rupee 67.74 67.74 +0.00
Ringgit 4.4750 4.4725 -0.06
Yuan 6.9493 6.9487 -0.01

Change so
far in 2016
Currency Latest bid End prev Pct Move
year
Japan yen 117.42 120.30 +2.45
Sing dlr 1.4486 1.4177 -2.13
Taiwan dlr 32.247 33.066 +2.54
Korean won 1205.40 1172.50 -2.73
Baht 35.98 36.00 +0.07
Peso 49.82 47.06 -5.54
Rupiah 13425 13785 +2.68
Rupee 67.74 66.15 -2.34
Ringgit 4.4750 4.2935 -4.06
Yuan 6.9493 6.4936 -6.56
– Reuters

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