Hi! Welcome Back and Stay Tune! Ringgit opens lower against US Dollar - Mukah Pages : Media Marketing Make Easy With 24/7 Auto-Post System. Find Out How It Was Done!

Ringgit opens lower against US Dollar

Mimi Sabreena 10:50:00 AM Free Malaysia Today, Mukah Pages

KUALA LUMPUR: The ringgit opened lower against a rejuvenated US dollar today.

At 9.12 am, the local unit was quoted at 4.0285/0335 against the greenback from yesterday’s close of 4.0200/0270.

The market turned cautious ahead of the release of Malaysia’s first quarter 2016 Gross Domestic Product (GDP) data at noon today, said a dealer.

Traders are also awaiting US April producer price index (PPI) data due later in the day that could set the greenback’s tone.

“US data point to a stronger jobs market and inflation outlook in the second quarter that signal the possibility of an another US rate hike,” he added.

The local note was traded mixed against other major currencies.

It firmed up against the Singapore dollar to 2.9300/9354 from Thursday’s close of 2.9349/9405, and strengthened against the euro to 4.5804/5873 from 4.5852/5948.

The ringgit softened against the yen to 3.7006/7062 from yesterday’s close of 3.6894/6969, and weakened against the British pound to 5.8172/8268 from 5.8017/8142.

– BERNAMA

Mukah Pages bring you trending news media with Free Malaysia Today http://ift.tt/1siTg2V

No comments

Comments are welcome and encouraged on this site. Comments deemed to be spam or solely promotional will be deleted. Including link to relevant content is permitted, but comments should be relevant to the post topic.

Comments including profanity and containing language that could deemed offensive will also deleted. Please respectful toward other contributors. Thank you.