Malaysia: The ringgit retreated from yesterday’s gains to open slightly lower against the US dollar today on mild profit taking due to concerns over a possible US interest rate rise.
At 9.04am, the local note was quoted (Daily Forex Signals) at 3.9710/9750 versus the greenback from yesterday’s close of 3.9655/9685.
Meanwhile, the ringgit (Forex Signal Malaysia) traded mixed against a basket of other major currencies.
It was easier against the Singapore dollar at 2.9648/9689 versus 2.9638/9664 on Tuesday, and declined against the yen to 3.5826/5872 from 3.5754/5788.
The local unit appreciated against the British pound to 5.3335/3396 from 5.3423/3480, and rose against the euro to 4.6782/6837 from 4.6884/6924.
For More Visit Us: www.mmfsolutions.sg/
Tel- +65-3158-2180 Email- info@mmfsolutions.sg
No comments:
Post a Comment