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Friday, 8 December 2017

#Ringgit opened flat; higher against a basket of other major currencies; local unit opened at 4.0860/0900

Malaysia: The ringgit opened flat against the US dollar this morning as the greenback strengthened on continued US tax reform bill optimism.
At 9am, the local unit opened at 4.0860/0900 against the greenback from 4.0860/0890 on Thursday.
However, the local note was traded mostly higher against a basket of other major currencies.
The ringgit rose against the Singapore dollar to 3.0206/0247 from 3.0255/0298 yesterday, and advanced against the euro to 4.8080/8131 from 4.8170/8209 on Thursday.
It was higher against the yen at 3.6083/6124 from Thursday's 3.6265/6301, but depreciated against the British pound to 5.5006/5084 from 5.4667/4719 yesterday.

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