Ringgit higher against US$ on better market sentiments
KUALA LUMPUR: The ringgit was higher against the US dollar early Wednesday on renewed buying interest and amid the better performance of Bursa Malaysia.
At 9.00 am(0100gmt), the ringgit stood at 3.8970/9000 against the greenback from Tuesday's close of 3.9135/9165.
A dealer said the US dollar index, which tracks the greenback against a slate of currencies, pared gains from previous sessions as Wall Street rebounded off its low, and this contributed to the higher ringgit.
He said the sell-off across world stock markets sent investors rushing into the dollar on Monday, helping the greenback to trade higher. The ringgit was also traded higher against a basket of major currencies.
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The ringgit also rose against the British pound at 5.4394/4440 from 5.4762/4808, and appreciated against the yen to 3.5609/5646 from 3.5897/5934. - Bernama
The following table shows rates for Asian currencies against the dollar at 0137 GMT(0937 Malaysian time).
CURRENCIES VS U.S. DOLLAR Change on the day at 0137 GMT
Currency Latest bid Previous day Pct Move
Japan yen 109.450 109.55 +0.09
Sing dlr 1.318 1.3187 +0.02
Taiwan dlr 29.248 29.386 +0.47
Korean won 1081.700 1091.5 +0.91
Baht 31.450 31.499 +0.16
Peso 51.275 51.46 +0.36
Rupiah 13540.000 13550 +0.07
Rupee 64.240 64.24 0.00
Ringgit 3.901 3.9135 +0.32
Yuan 6.281 6.2810 +0.01
Change so far
Currency Latest bid End 2017 Pct Move
Japan yen 109.450 112.67 +2.94
Sing dlr 1.318 1.3373 +1.43
Taiwan dlr 29.248 29.848 +2.05
Korean won 1081.700 1070.50 -1.04
Baht 31.450 32.58 +3.59
Peso 51.275 49.93 -2.62
Rupiah 13540.000 13565 +0.18
Rupee 64.240 63.87 -0.58
Ringgit 3.901 4.0440 +3.67
Yuan 6.281 6.5069 +3.60
- Reuters
Read more at https://www.thestar.com.my/business/business-news/2018/02/07/ringgit-higher-against-us$-on-better-bursa-performance/#Qc1Zqy8lIDMwmLKH.99