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Monday, 22 August 2016

End Of Olympics Ask KLSE BURSA

Ringgit replace lower against US Dollar.

BY Multi Management and Future Solutions Malaysia: The ringgit opened lower against the US dollar today on declining oil costs and a bounced back US dollar, said a merchant.

At 9.15 am, it was cited at 4.0220/0270 to the greenback from 4.0105/0165 last Friday.

The benchmark Brent Crude fell 0.88 pennies to US$50.43 a barrel today on oversupply of rough for August, the merchant said.

A news report said the US dollar recouped on Friday after the Federal Reserve Bank of San Francisco President John Williams said a rate increment in September ought to be in play.

The ringgit exchanged for the most part higher against other significant coinage.

It ascended against the British pound to 5.2527/2621 from 5.2698/2793 on Friday yet facilitated against the euro to 4.5428/5501 from 4.5375/5455.

The nearby note ascended against the yen to 4.0000/0062 from 4.0017/0093 and went higher against the Singapore dollar to 2.9762/9821 from 2.9776/9834.

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