Ringgit closes at 4.42 against USD

 Publish date: Mon, 20 Mar 2017, 03:19 AM

KUALA LUMPUR: The ringgit closed higher against the US dollar today as the greenback continued to remain under pressure following a less hawkish stance by the Federal Reserve on interest rate hikes.

At 6pm, the local unit stood at 4.4250/4280 against the greenback, compared with 4.4340/4370 last Friday.

A dealer said the ringgit's performance is in line with other Asian currencies, which rose on the back of the greenback's weakness.

Meanwhile, OANDA Senior Trader Stephen Innes said the stronger-than-expected Chinese data released last week added to the dollar's squeeze.

"Stability in China will bode well for regional sentiment, which will be supportive of a recovery in commodity prices, along with higher inflation, all of which should pass through to the region," he said.

The ringgit, meanwhile, was traded mixed against other major currencies.

It was marginally lower against the Singapore dollar at 3.1639/1672 from 3.1638/1682 last Friday, and slipped versus the yen to 3.9215/9259 from 3.9156/9196 previously.

The ringgit gained against the euro to 4.7591/7628 from 4.7767/7818 on Friday, and strengthened against the British pound to 5.4919/4965 from 5.4933/4983, previously. -- BERNAMA

Share this

  Be the first to like this.


160  363  570  829 

Top 10 Active Counters
 SAPNRG 0.765-0.025 
 NEXGRAM 0.0650.00 
 KSTAR-WA 0.05-0.005 
 PUC 0.26-0.005 
 BORNOIL 0.080.00 
 HSI-C3B 0.51-0.035 
 VIZIONE 0.1450.00 
 KNM 0.220.00 
 HIBISCS-WC 0.435-0.015 
 HIBISCS 0.91-0.03 


1. 大选投资笑到最后/麦传球 投资把麦●麦传球
2. [转贴] 五月九号后的“大好大坏” - 丘光耀博士 Good Articles to Share
3. OIL ....next target $110 ????? possibleee? read our analysis..... Bull and Bear
4. CIMB - MQ Research’s Top Pick KL Trader Investment Research Articles
5. Warrants Cheating Traders? O'Mighty Capital Articles Archive
Partners & Brokers