RM expected to trade between 4.45 and 4.46 against USD next week

Publish date: Sat, 03 Dec 2016, 07:04 PM

KUALA LUMPUR: The ringgit will see range-bound trading next week and move between 4.45 and 4.46 (against the US dollar), on market adjustments following the announcement of new measures by Bank Negara Malaysia (BNM), said a dealer.

On Friday, BNM introduced measures that will come into effect on Monday.

The measures aimed to further broaden, deepen and tackle the imbalance in the onshore foreign exchange market.

For the week just-ended, the ringgit was traded higher at 4.4500/4550 against the greenback from 4.4530/4600 last Friday.

It ended mostly lower against other major currencies.

The ringgit appreciated against the yen to 3.9128/9179 last Friday from 3.9379/9455, but declined against the Singapore dollar to 3.1274/1327 from 3.1159/1224.

The local unit fell to 4.7375/7432 against the euro from 4.7175/7267 and eased against the British pound to 5.6057/6137 from 5.5538/5639. --BERNAMA

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probability

alhamdullilah...

2016-12-04 20:58

Lk036

Ringgit to 4.3, I may consider change cash to sing dollar.

2016-12-04 21:04

probability

http://www.nytimes.com/aponline/2016/12/04/world/asia/ap-as-malaysia-rohingya-rally.html?_r=0

Malaysia is the hero for Rohingya../
Hero for Syria...
Would like to give citizenship for Zakir Naik..
Center for Islamic education..

But his own countrymen who build the nation is treated like scum.
there are so many poor chinese & indian family in your own house..you want to take care of others?

The National Debt at critical level...many is being swindled left & right...

You want to talk about other country?

2016-12-04 21:04

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