Ringgit lower against US$ on reduced demand, global growth slowdown


  • Forex
  • Friday, 21 Dec 2018

The dealer said growing concerns among investors over global economic slowdown boosted demand for the greenback.  "These factors have weighed down the ringgit's performance," he added.

The dealer said growing concerns among investors over global economic slowdown boosted demand for the greenback. "These factors have weighed down the ringgit's performance," he added.

KUALA LUMPUR: The ringgit was slightly lower against the US dollar early Friday on reduced demand for the local note, a dealer said.

At 9.10 am (0110 gmt), the ringgit was traded at 4.1780/1810 versus the greenback from 4.1760/1800 at Thursday's closing.

The dealer said growing concerns among investors over global economic slowdown boosted demand for the greenback.

"These factors have weighed down the ringgit's performance," he added.

At the opening bell, the ringgit, however, traded mostly higher against other major currencies, except the Japanese yen.

It strengthened against the Singapore dollar to 3.0487/0512 from 3.0513/0553 on Thursday, rose against the euro to 4.7834/7872 from 4.7924/7991 and appreciated against the pound to 5.2906/2965 from 5.2968/3036.

However, vis-a-vis the yen, the ringgit slipped to 3.7542/7579 from 3.7379/7425. - Bernama

Korean won, Thai baht strengthen; Indonesian rupiah declines

The following table shows rates for Asian currencies against the dollar at 0135 GMT (0935 Malaysian time) on Friday Dec 21.

    CURRENCIES VS U.S. DOLLAR

 Currency                   Latest bid  Previous day  Pct Move

 Japan yen                  111.220     111.28        +0.05
 Sing dlr                   1.369       1.3705        +0.09
 Taiwan dlr                 30.810      30.843        +0.11
 Korean won                 1124.100    1127.8        +0.33
 Baht                       32.600      32.67         +0.21
 Peso                       53.140      53.12         -0.04
 Rupiah                     14480.000   14465         -0.10
 Rupee                      69.700      69.70         +0.00
 Ringgit                    4.179       4.176         -0.07
 Yuan                       6.884       6.8835        -0.01

 Change so far in 2018
                           
 Currency                   Latest bid  End 2017      Pct Move

 Japan yen                  111.220     112.67        +1.30
 Sing dlr                   1.369       1.3373        -2.33
 Taiwan dlr                 30.810      29.848        -3.12
 Korean won                 1124.100    1070.50       -4.77
 Baht                       32.600      32.58         -0.06
 Peso                       53.140      49.93         -6.04
 Rupiah                     14480.000   13565         -6.32
 Rupee                      69.700      63.87         -8.36
 Ringgit                    4.179       4.0440        -3.23
 Yuan                       6.884       6.5069        -5.48
 - Reuters

Forex , Markets , Corporate News