[ad_1]
KUALA LUMPUR: The ringgit was down against the US dollar at Thursday's opening on the lack of demand for the local rating, said a dealer.
At 09:00 (0100 GMT), the ringgit was quoted at 4.0440 / 0470 US dollar versus 4.0370 / 0420 recorded at the close on Wednesday
The dealer said that the US dollar was traded on the prospects of another US tariff cycle targeting China.
"We now see with the announcement of US President Donald Trump On the local front, Bank Negara Malaysia has adopted a very uniform tone with regard to the new 10 percent tax imposed on a list of 200 billion US dollars of Chinese imports.He said that the central bank of yesterday, through its fourth meeting of the MPC, has maintained its overnight policy rate at 3.25 percent [19659005AtcurrentOPRlevelthedegreeofmonetaryaccommodationisAgainstabasketofmajorcurrenciestheringgitwastradedhigher
It raised against the Singapore dollar at 2.9629 / 9661 of 2.9651 / 9699, and it's strengthened against the yen at 3.6065 / 6102 from 3.6297 / 635 on Wednesday
The ringgit was higher against the euro at 4.7222 / 7261 than 4.7237 / 7312, and rose against the British pound at 5.3389 / 3445 from 5.3466 / 3552. – Bernama
[ad_2]
Source link
