Ringgit closes weaker against US dollar

Publish date: Wed, 28 Jan 2015, 03:15 AM

KUALA LUMPUR: The ringgit closed weaker against the US dollar today as investors remained cautious over the outcome of Bank Negara Malaysia (BNM) policy meeting today, dealers said.

At 5pm, the ringgit was quoted at 3.6170/6200 versus the US dollar from 3.5960/5990 yesterday.

A dealer said the local unit fell to reflect the perceived risks of a surprised interest rate cut eventhough such move was seen as unlikely.

"BNM is expected to keep overnight policy rate unchanged at 3.25 per cent, as the country's economy remains at risk from a slump in oil prices and a weakened currency," he said.

The local note was mostly lower against other major currencies. It firmed against the Singapore dollar to 2.6777/6811 from Tuesday's 2.6806/6832. Itt depreciated against the yen to 3.0702/0733 from 3.0449/0479 previously.

The local unit eased against the British pound to 5.4924/4984 from 5.4336/4395 yesterday and weakened against the euro at 4.0999/1040 from 4.0768/0805 on Tuesday. -- BERNAMA

Discussions
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calvintaneng

Fortunebullz is back from holiday. Holiday in China? How come you got the picture of Justice Pow from China?

As For Singapore - Don't worry lah. Singapore always reinvent itself and adapt well.

And didn't you hear that Ananda Krisna is coming to the rescue of Najib's IMDB

THERE IS GREAT HOPE FOR MALAYSIA

MALAYSIA BOLEH!

2015-01-31 20:22

calvintaneng

Yes Mr. Bull,

Tell us more why you think Brunei should go bankrupt?

One famous magazine said Venezuela is the most miserable while Brunei is the most peaceful nation on earth.

2015-01-31 20:44

calvintaneng

Is that so?


Then better tell all the people in Brunei to sell everything. Convert to ringgit & migrate to Iskandar - The Greatest Happening Place on Earth for the Next 30 years!

I can feel the Pulse of Iskandar

2015-01-31 20:56

kimkowlee

If brunei go bankrupt, it brunei dollar will collapse too. Since Singapore dollar similar to brunei dollar, this will affect or bring Singapore dollar down too?

2015-01-31 21:25

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