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