Ringgit opens higher at 4.17 against USD
Publish date: Thu, 29 Dec 2016, 06:59 PM
KUALA LUMPUR: The ringgit opened higher against the US dollar today as the United States yields reached a two-week low on overnight decline amid better demand for the local note, said dealers.
At 9.08 am, the ringgit was quoted at 4.1785/1835 against the greenback from 4.1860/1900 on Wednesday.
A dealer said the weaker-than-anticipated pending home sales data and an encouraging debt auction caused Treasury yields to deteriorate.
Meanwhile on the local front, there was renewed optimism as forex traders would want to end the year on a higher note, he said.
The ringgit was traded mostly higher against a basket of major currencies.
The ringgit fell against the Singapore dollar to 3.0877/0916 from 3.0867/0901 on Wednesday and weakened versus the yen to 3.8302/8351 from 3.8069/8113.
It appreciated against the British pound to 5.4760/4844 from 5.4862/4929 and rose against the euro to 4.6698/6773 from 4.6758/6808.--BERNAMA
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Be the first to like this. Showing 12 of 12 comments
Hahaha.. duitkor.. always willing to share good insight.. If only the world has more people like you. :D
2016-12-29 12:23
its not I aim or miss or like or dislike....how the Ringgit trend is so many factors beyond me such as Fundamentals of the country, supply, demand, BNM measures, US Trump policy, Feds rates hike, oil price, China inflow, outflow to US, coming election, fx speculators....etc etc etc
2016-12-29 12:29
Hope I am wrong about my waves count, it shld easily above 5.17 in the 1st quarter of 2017 >>>>>>> http://invst.ly/2-gy7
2016-12-29 14:36
this really typo error...i was happy for a while. after checking...typing error
2016-12-30 10:12
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Wow...4.17..is it a typo error or real case
2016-12-29 12:05