Ringgit Continues to Decline Against US Dollar

Posted on: 2015-08-18


KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday on relentless low risk appetite for the domestic currency, a trader said. At 9.15am, the ringgit was quoted at 4.1120/1200 against the greenback from 4.1020/1110 at 5pm yesterday. 'While external factors will continue to play a major role in determining the direction of Asian currencies, the ringgit has shown little sign of consolidating as spot rates begin to be quoted in a narrower spread,' said the trader. The ringgit was traded mixed against a basket of major currencies this morning. It depreciated further against the Singapore dollar to 2.9184/9245 from 2.9117/9202 on Monday and was traded lower against the yen at 3.3039/3116 from 3.2953/3028. The local unit rebounded against the pound sterling to 6.4073/4214 from 6.4200/4358 and edged up against the euro to 4.5540/5637 from 4.5565/5677.--BERNAMA



Share:

Source From: http://www.nst.com.my/node/96632

Other News & Articles


Contactless Property Transactions The New Norm Now

There’s a saying that goes, “every dark cloud has a silver lining”. In the case of the Covid-19 pandemic, it can be said that the silver lining is that the digitalisation of various...

Posted on: 2021-04-06

Brighter Second-Half Property Market Outlook

Local developers are more optimistic about the outlook of the property market in the second half (H2) of 2021 than the first six months of the year, on the expectation that an impending...

Posted on: 2021-04-06

Property Market Displaying Signs of Resilience, Despite The Current High Covid-19 Cases

The property market is displaying signs of resilience, despite the current high number of Covid-19 cases and extended Movement Control Order (MCO 2.0) until March 4, 2021...

Posted on: 2021-04-05