Ringgit trade lower against US dollar in early session

 Publish date: Tue, 9 Jul 2019, 10:09 AM

KUALA LUMPUR: The ringgit opened lower against the US dollar today, in line with most emerging Asian currencies, as investors shifted their attention towards the safe-haven currencies, said a dealer.
At 9.20 am, the local currency stood at 4.1410/1430 versus the greenback compared to 4.1390/1420 at yesterday’s close.
The greenback according to him has continued its upward momentum from Monday after last week’s release of a solid US job data, which lowered the investors’ expectations of a US Federal Reserve interest rate cut.
The ringgit, however, traded mostly higher against a basket of major currencies.
It rose against the Japanese yen to 3.8040/8069 from 3.8158/8189 on Monday, but weakened versus the Singapore dollar to 3.0444/0463 from 3.0436/0463 and improved against the euro to 4.6437/6476 from 4.6473/6511 previously.
The local currency also traded higher against the pound at 5.1820/1854 from 5.1882/1937.
 - Bernama


Share this

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

482  582  442  449 

Top 10 Active Counters
 MQTECH 0.22+0.10 
 XOX 0.265+0.005 
 KGROUP 0.12+0.025 
 K1 0.595+0.125 
 MQTECH-WA 0.175+0.12 
 AT 0.10+0.015 
 BCMALL 0.365+0.05 
 NOTION 1.11+0.295 
 LKL 1.17+0.295 
 PWORTH 0.030.00 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers