July 17: Ringgit opens higher against US dollar

 Publish date: Mon, 17 Jul 2017, 10:50 AM

KUALA LUMPUR: The ringgit recovered from last week's losses to open higher against the US dollar this morning.

At 9am, the local unit stood at 4.2860/2900 against the greenback, from Friday's close of 4.2910/2940.

A dealer said the ringgit is currently 1.8 per cent below its 200-period moving average and is on an uptrend.

"Volatility is extremely low when compared to average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility, along with sharp price fluctuations in the near-future," he said.

The ringgit was traded lower against other major currencies. It declined against the Singapore dollar to 3.1289/1337 from 3.1210/1243 on Friday, and eased against the yen to 3.8064/8110 from 3.7886/7926. It weakened against the pound to 5.6138/6195 from 5.5624/5667, and depreciated against the euro to 4.9126/9189 from 4.8977/9016 on Friday. -- BERNAMA

Share this

  Be the first to like this.


405  298  502  622 

Top 10 Active Counters
 MLAB 0.20-0.02 
 MPAY 0.28+0.02 
 GLOTEC 0.065+0.005 
 IWCITY 1.48+0.09 
 L&G 0.235+0.02 
 BORNOIL 0.1050.00 
 IFCAMSC 0.40+0.02 
 UMWOG 0.325+0.005 
 VIVOCOM 0.135-0.005 
 NETX 0.045+0.005 
Partners & Brokers