Highlights

April 10: Ringgit higher against US dollar at opening

 Publish date: Tue, 10 Apr 2018, 03:14 AM

KUALA LUMPUR: The US dollar's weakness lifted the ringgit higher against the greenback at opening today but trading sentiment remained cautious amid the lingering trade war concerns, a dealer said.

At 9am, the ringgit was quoted at 3.8620/8655 compared with Monday's 3.8690/8730.

Oanda Head of Trading Asia-Pacific Stephen Innes said the ringgit is struggling to make headway this week as trade war tensions continued to boil under the surface and inflows dropped to a trickle.

"Risk sentiment remains extraordinarily fragile, and investors are playing their cards very close to their chest," he said.

The local unit, however, was traded lower against a basket of major currencies.

It fell against the Singapore dollar to 2.9445/9483 from 2.9438/9477 on Monday and depreciated against the yen to 3.6168/6204 from 3.6108/6149.

The ringgit eased against the pound to 5.4593/4647 from 5.4518/4590 and was lower against the euro at 4.7584/7642 from 4.7457/7518.-Bernama

Share this

  Be the first to like this.
 


 

87  150  414  1553 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.425-0.01 
 PINEPAC 0.56+0.12 
 HIBISCS 1.08+0.01 
 KSTAR 0.12+0.01 
 NOVAMSC 0.175+0.005 
 PWORTH 0.0450.00 
 LAYHONG-WA 0.27+0.015 
 BORNOIL 0.06+0.005 
 MQTECH 0.0450.00 
 EFORCE 0.795+0.005 
Partners & Brokers