Ringgit higher against US$ Monday March 20
Update Date：2017-3-20 15:08:48 Source：Tannet (Malaysia) Sdn Bhd Views：695
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar Monday morning as the greenback extended its weakness on the possibility of the US Federal Reserve raising interest rate on a gradual basis.
This move resulted in more investors shifting their interest to emerging currencies, including the ringgit
At 9 am(0100gmt), the ringgit was traded at 4.4330/4360 against the greenback from Firday's close of 4.4340/4370.
The ringgit, meanwhile, traded mixed against other major currencies.
It eased against the Singapore dollar to 3.1669/1708 from 3.1638/1682 on Friday and versus the British pound, it rose to 5.4898/4944 from 5.4933/4983, previously.
The local note edged up against the euro to 4.7664/7700 from Friday's close of 4.7767/7818, but it was lower against the yen at 3.9373/9403 from 3.9156/9196 on Friday.
-- BERNAMA
The following table shows rates for Asian currencies against the dollar at 0140 GMT (0940 Malaysian time) on Monday.
CURRENCIES VS U.S. DOLLAR
Change on the day at 0140 GMT
Currency Latest bid Previous day Pct move
Japan yen 112.59 112.70 +0.10
Sing dlr 1.4002 1.4018 +0.11
Taiwan dlr 30.510 30.626 +0.38
Korean won 1128.80 1130.90 +0.19
Baht 34.71 34.85 +0.40
Peso 50.175 50.180 +0.01
Rupiah 13332 13342 +0.08
Rupee 65.46 65.46 +0.00
Ringgit 4.4340 4.4340 +0.00
Yuan 6.9038 6.9030 -0.01
Change so far in 2017
Currency Latest bid End prev year Pct move
Japan yen 112.59 117.07 +3.98
Sing dlr 1.4002 1.4490 +3.49
Taiwan dlr 30.510 32.279 +5.80
Korean won 1128.80 1207.70 +6.99
Baht 34.71 35.80 +3.15
Peso 50.18 49.72 -0.91
Rupiah 13332 13470 +1.04
Rupee 65.46 67.92 +3.77
Ringgit 4.4340 4.4845 +1.14
Yuan 6.9038 6.9467 +0.62
- Reuters
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