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At 9.06 am(0106gmt), the local unit was quoted at 4.0040/0090 against the dollar from Thursday's close of 4.0020/0070

Ringgit opens lower against US$ Friday, up against others

Friday, 12 August 2016

 At 9.06 am(0106gmt), the local unit was quoted at 4.0040/0090 against the dollar from Thursday's close of 4.0020/0070
At 9.06 am(0106gmt), the local unit was quoted at 4.0040/0090 against the dollar from Thursday’s close of 4.0020/0070

 

KUALA LUMPUR: The ringgit opened marginally lower against a rejuvenated US dollar Friday, said a dealer.

 At 9.06 am(0106gmt), the local unit was quoted at 4.0040/0090 against the dollar  from Thursday’s close of 4.0020/0070.

The dealer said the greenback rose after a US Federal Reserve official commented that an interest rate increase this year is appropriate following  improving labour market conditions and the likelihood that inflation is heading higher. 

 The local note however was traded higher against other major currencies.

It firmed up against the Singapore dollar to 2.9741/9800 from Thursday’s 2.9781/9836 and gained against the yen to 3.9186/9254 from 3.9464/9528.

The ringgit also strengthened against the British pound to 5.1888/1977 from yesterday’s 5.1894/1983 and improved against the euro to 4.4581/4652 from 4.4598/4670.
 — BERNAMA

Source by: The Star Online

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