MMFS: Your segmented signals investment advisory firm

Monday, 21 May 2018

Malaysia Ringgit traded mixed. However, continued its losing streak to open lower on lack of market demand.

Malaysia: The ringgit continued its losing streak to open lower against the US dollar this morning on lack of market demand.
As of 9am, the local unit was quoted (Forex Signal Malaysia) at 3.9730/9780 from 3.9700/9740 recorded at Friday's close.
Meanwhile, the ringgit traded (Daily Forex Signals) mixed against a basket of other major currencies.
It fell against the Singapore dollar to 2.9559/9600 from 2.9523/9557, and declined versus the yen to 3.5773/5828 from 3.5769/5815 on Friday.
The local note appreciated against the British pound to 5.3469/3540 from 5.3516/3577, and improved against the euro to 4.6663/6738 from 4.6751/6806.

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