Ringgit ends marginally higher vs dollar

KUALA LUMPUR: The ringgit was traded in a tight range against the US dollar yesterday as market participants were cautious about the Federal Open Market Committee (FOMC) meeting today and tomorrow, says an economist.

At 6pm, the local note rose marginally to 4.48.30 and 48.85 versus the greenback compared with Friday’s closing rate of 4.48.50 and 48.80. Meanwhile, the ringgit was traded lower against a basket of major currencies. The local note fell against the Japanese yen to 3.41.77 and 42.24 from 3.36.79 and 37.04 at Friday’s close. — Bernama

., declined versus the British pound to 5.46.57 and 47.24 from 5.43.90 and 44.26 and slipped vis-a-vis the euro to 4.78.43 and 79.01 from 4.77.43 and 77.75 previously. - Bernama

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Bursa poised for rebound from oversold territory
Trading ideas: Bahvest, RHB, Affin, MSM, Malakoff, IOI Properties, UMW, DRB-Hicom, OSK, AME Elite
Subur Tiasa ventures into pipe-making, auto
Aussie trade chief eyes China export development
Oriental Holdings plan to diversify income streams
Luxury labels target teens
S P Setia achieves quadruple win at architecture awards
Insurance, takaful sector earnings set for recovery
Indonesia’s anti-trust body fines cooking oil firms for restricting supply
The rise of China’s Silicon Valley

Others Also Read