Malaysia local unit traded mostly higher due to uncertainty in the local economic condition in the early session.

Malaysia: The ringgit was slightly lower against the US dollar in the early session today due to uncertainty in the local economic condition, a dealer said.

At 9.27 am, the ringgit was quoted at 3.9790/9820 from 3.9750/9780 recorded at yesterday’s close.

The dealer said besides the obvious fiscal uncertainties in the country, the local currency continued to be weakened by the lack of action in the bond markets.

Meanwhile, the local unit traded mostly higher versus a basket of currencies except for the yen, against which it fell to 3.6229/6266 from 3.6159/6190.

It rose against the Singapore dollar to 2.9834/9877 from 2.9849/9876 recorded yesterday, and improved to 5.3386/3450 from 5.3472/3524 vis-a-vis the British pound.

The ringgit inched up against the euro to 4.6976/7019 from 4.6977/7024.

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#Malaysian #Ringgit traded mostly lower on despite Malaysia’s favourable trade data for April against Currencies.

Malaysia: The ringgit was unchanged against the US dollar in today’s early session, despite Malaysia’s favourable trade data for April.

As of 9.30am, the local unit was quoted at 3.9700/9750 against the greenback, unchanged from yesterday's close.

Meanwhile, the ringgit traded mostly lower against a basket of other major currencies.

It declined against the Singapore dollar to 2.9756/9800 from 2.9749/9791 yesterday, but gained vis-a-vis the yen to 3.6127/6179 from 3.6163/6219.

The local note fell against the British pound to 5.3238/3317 from 5.3115/3197, and depreciated against the euro to 4.6544/6607 from 4.6453/6523.

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The local unit traded higher which showed a decline in Malaysia's manufacturing sector also, this sector had now suffered four consecutive months of contraction.

Malaysia: The ringgit was slightly lower against the US dollar in the early session today on weaker demand and following economic data which showed a decline in Malaysia's manufacturing sector for May.

At 9.15am, the local unit was quoted at 3.9740/9780 against the greenback from Monday's close 3.9700/9740.

FXTM Global Head of Currency Strategy & Market Research, Jameel Ahmad said the manufacturing sector had now suffered four consecutive months of contraction.

“News that new orders had fallen the most since late 2016, suggests that the sector could struggle for some time. It is a little bit too early to discuss whether the woes for the manufacturing sector will weigh down on gross domestic product potential.

“Investors will be waiting for the key trade balance report to be announced later today for guidance on how the economy has performed over the second quarter of 2018,” he said in a statement.

Meanwhile, the local unit traded higher against a basket of currencies.

It improved against the Singapore dollar to 2.9734/9782 from 2.9747/9781 yesterday and gained vis-a-vis the yen to 3.6157/6197 from 3.6213/6259.

The local unit improved against the British pound to 5.2890/2959 from 5.3146/3208 and appreciated against the euro at 4.6456/6507 from 4.6564/6619.

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Malaysia local unit was traded mostly higher due to uncertainty over potential political risks.

Malaysia: The ringgit was slightly higher against the US dollar in the early session as investors’ interest shifted away from the greenback due to uncertainty over potential political risks, dealers said.

At 9.09 am, the local unit was quoted at 3.9750/9800 against the US dollar from Friday's close of 3.9770/9800.

A dealer said traders were cautious on the US dollar and the uncertainty over the United States-North Korea summit next week, which will continue to cap the greenback’s upside, that they looked past the decline in Malaysia's manufacturing sector.

“According to a survey from Nikkei, Malaysia Manufacturing Purchasing Managers' Index fell to 47.6 in May from 48.6 in April,” he added.

Meanwhile, the local unit was traded mostly higher against a basket of currencies, except against the British pound, where it fell to 5.3114/3201 from 5.2902/2946 recorded last Friday.

The ringgit appreciated against the euro to 4.6400/6474 from 4.6551/6594, it improved against the Singapore dollar to 2.9706/9746 versus 2.9728/9761 and gained vis-a-vis the yen to 3.6235/6284 from 3.6393/6430 last Friday.

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Ringgit opened mixed with the improved performance of the equity market. Opened local unit was quoted at 3.9800/9850.

Malaysia: The ringgit opened higher versus the US dollar this morning on renewed demand for the local currency in tandem with the improved performance of the equity market.

At 9.01am, the local unit was quoted at 3.9800/9850 against Wednesday’s close of 3.9870/9900.

Meanwhile, the ringgit opened mixed against a basket of other major currencies.

It depreciated against the British pound to 5.2906/2989 from 5.2904/2963; and was lower against the euro at 4.6403/6469 from 4.6301/6344 on Wednesday.

The local note improved against the Singapore dollar to 2.9713/9754 versus 2.9714/9741; and gained versus the yen to 3.6608/6664 from 3.6645/6680 yesterday.

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Yesterday, Ringgit strengthened against the British pound, increased against the euro also, better against the Singapore dollar but eased against the yen.

Malaysia: The ringgit closed slightly lower against the US dollar today on lack of fresh buying interest, a dealer said.

At 6pm, the local unit (Daily Forex Signals) was quoted at 3.9800/9850 from last Friday's 3.9790/9830.

Meanwhile, the ringgit closed mostly higher against a basket of other major currencies.

It strengthened against (Forex Signal Malaysia) the British pound to 5.3037/3116 from 5.3128/3197 on Friday, and increased against the euro to 4.6435/6505 from 4.6606/6665 previously.

It was better against the Singapore dollar at 2.9690/9739 from Friday's 2.9721/9753, but eased against the yen to 3.6370/6419 from 3.6348/6391.

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Ringgit was mostly higher versus the US dollar this morning on lack of interest for the local currency.

Malaysia: The ringgit opened lower versus the US dollar this morning on lack of interest for the local currency, a dealer said.

At 9.02am, the local unit (Daily Forex Signals) was quoted at 3.9810/9860 against Friday’s close of 3.9790/9830.

Meanwhile, the ringgit (Forex Signal Malaysia) was mostly higher against a basket of other major currencies.

It appreciated against the British pound to 5.2983/3070 from 5.3128/3197, and was higher against the euro at 4.6574/6644 from 4.6606/6665 on Friday.

It improved against the Singapore dollar to 2.9698/9753 versus 2.9721/9753, but eased versus the yen to 3.6373/6328 from 3.6348/6391 on Friday.

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The Ringgit weakened against the Singapore dollar but appreciated against the Yen also, depreciated against the British pound & increased against the Euro.

Malaysia: The ringgit was unchanged against the US dollar in the absence of fresh direction and on subdued demand for the local note, amid the firmer greenback, dealers said.

At 9.03 am, the local unit was pegged at yesterday’s close of 3.9800/9850.

OANDA Head of Trading (Daily Forex Signals) in Asia-Pacific Stephen Innes said the ringgit remained mired in political risks as the market tried to understand the new government’s plan to deal with the fiscal deficit after repealing the Goods and Services Tax.

Meanwhile, the local unit traded (Forex Signal Malaysia) mixed against a basket of currencies.

The ringgit weakened against the Singapore dollar to 2.9629/9677 from Wednesday’s 2.9606/9653, but appreciated against the yen to 3.6287/6340 from 3.6311/6369.

It depreciated against the British pound to 5.3185/3264 from 5.3133/3216 and increased against the euro to 4.6602/6668 from 4.6662/6728.

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Ringgit traded mixed, opens slightly lower against the US dollar today on mild profit taking.

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.

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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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The Ringgit remains resilient following higher US bond yields results oil prices continued to leave the ringgit less vulnerable.

Malaysia: The ringgit opened lower against the US dollar on lack of buying momentum and with interest in the greenback following higher US bond yields, a dealer said.

As at 9 am, the local unit was quoted at 3.9710/9750 from 3.9670/9710 recorded at yesterday's close.

The dealer said the surging US dollar and higher US bond yields continue to weigh on the local note.

“However, higher oil prices (Forex Signal Malaysia) continued to leave the ringgit less vulnerable to external shocks, but it was hard to argue the current direction with US yields moving higher,” he added

Meanwhile, Bank Negara Malaysia (BNM) yesterday, announced the country's economy grew by 5.4 per cent in the first quarter of 2018 compared with 5.6 per cent recorded in the same period a year ago.

It also said the ringgit appreciated 6.2 per cent against the US dollar in the 1Q18.

“The ringgit remains resilient post-GE14,” BNM Governor Tan Sri Muhammad Ibrahim said.Against a basket of major currencies, the local note traded mostly lower, except for the yen, which rose to 3.5801/5846 from 3.5836/5878.

The ringgit fell against the (Daily Forex Signals) Singapore dollar to 2.9588/9640 from 2.9558/9599 on Thursday and decreased versus the British pound to 5.3664/3726 from 5.3543/3612, while weakening against the euro at 4.6878/6933 from 4.6815/6878.

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Ringgit opened lower; rose against the Singapore dollar, increased versus the yen, appreciated vis-a-vis the British pound, strengthened against the euro.

Malaysia: The ringgit opened lower against the US dollar this morning, but was higher against other major currencies.

As of 9am, the local unit was quoted at 3.9600/9650 from yesterday's close of 3.9540/9580 (Forex Signal Malaysia).

The ringgit rose against the (Daily Forex Signals) Singapore dollar to 2.9456/9506 from 2.9578/9617 on Tuesday, and increased versus the yen to 3.5886/5938 from 3.5972/6081.

It also appreciated vis-a-vis the British pound to 5.3460/3531 from 5.3565/3635, and strengthened against the euro to 4.6831/6906 from 4.7155/7211.

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The Ringgit traded higher also, local note received support from local buyers till now local unit was quoted at 3.9480/9510.

Malaysia: The ringgit was unchanged against the US dollar despite gains made by the greenback following hints by the US Federal Reserve to further increase its interest rate.

As of 9am, the local unit was quoted at 3.9480/9510 against the US dollar, from Monday’s close of 3.9480/9530 (Forex Signal Malaysia).

A dealer said the local note received support from local buyers, post-general election.

Meanwhile, the ringgit traded higher against a basket of other major currencies (Daily Forex Signals).

It rose against the Singapore dollar to 2.9564/9598 from 2.9893/9929 on Monday, and increased versus the yen to 3.5966/6003 from 3.6466/6503 yesterday.

The local currency appreciated vis-a-vis the British pound to 5.3555/3599 from 5.4053/4113, and strengthened against the euro to 4.7111/7163 from 4.7673/7716.

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Malaysia’s currency weakened in offshore trading. Ringgit one-month non-deliverable forward fell 1.7 pct to 4.0461.

Malaysia: Malaysia’s currency weakened in offshore trading after the opposition claimed victory in Wednesday’s general election.

The ringgit one-month non-deliverable forward fell 1.7 pct to 4.0461 against the dollar, after the Southeast Asia nation’s long-serving former premier, Tun Dr Mahathir Mohamed, 92, claimed that the opposition alliance he leads had won enough parliament seats to form the next government.

Official results showed that, Mahathir’s Pakatan Harapan (Alliance of Hope) had won 122 of parliament’s 222 seats and Prime Minister Datuk Seri Najib Razak’s ruling coalition, Barisan Nasional (BN), had won 79.

A simple majority of 112 seats is required by a party or alliance to rule.

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