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Wednesday, 4 April 2018

Ringgit was slightly higher, rose against the yen; improved against the Singapore dollar; unchanged against the pound.

Malaysia: The ringgit was slightly higher against the US dollar at opening today on the back of a recovery in demand for the local note.
At 9 am, the local note was quoted at 3.8610/8640 compared with yesterday's 3.8640/8680.
However, the currency market is expected to trade range-bound, with traders awaiting the key US jobs report to be revealed later this week.
A dealer noted that further updates on Malaysia’s forthcoming general elections could also affect market sentiment.
The local unit traded mostly lower against a basket of major currencies.
It rose against the yen to 3.6247/6278 from 3.6381/6422 on Tuesday, improved against the Singapore dollar to 2.9458/9483 from 2.9498/9538 and was unchanged against the pound at 5.4355/4413 from 5.4355/4427.
Vis-a-vis the euro, the ringgit was higher at 4.7401/7442 from 4.7550/7615 yesterday.

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