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Malaysia: Ringgit lower against US$ on subdued oil price
KUALA LUMPUR: The ringgit opened lower against the US dollar today with the subdued global oil prices having an impact on investors’ appetite for the local note.
At 9 am (0100gmt), the local unit stood at 4.0210/0240 against the greenback from 4.0130/0180 at the close Wednesday.
The benchmark Brent crude traded at US$67.83 a barrel, down 0.01 per cent.
A dealer said the greenback was starting to gain its ground as US Federal Reserve (Fed) released its December policy meeting minutes.
Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.
It depreciated against the Singapore dollar to 3.0208/0251 from 3.0191/0240 on Wednesday and rose against the yen to 3.5676/5712 from 3.5735/5782 previously.
The ringgit increased against the euro to 4.8288/8336 from 4.8304/8373 yesterday and was higher against the British pound at 5.4344/4388 from 5.4513/4593 previously. – Bernama
The following table shows rates for Asian currencies against the dollar at 0140 GMT(0940 Malaysian time).
CURRENCIES VS U.S. DOLLAR
CURRENCIES VS U.S. DOLLAR
Change on the day at 0140 GMT
Currency Latest bid Previous day Pct Move
Japan yen 112.750 112.49 -0.23
Sing dlr 1.331 1.3292 -0.14
Taiwan dlr 29.607 29.600 -0.02
Korean won 1067.900 1064.5 -0.32
Baht 32.360 32.3 -0.19
Peso 49.905 49.81 -0.19
Rupiah 13478.000 13473 -0.04
Rupee 63.530 63.53 0.00
Ringgit 4.024 4.012 -0.30
Yuan 6.512 6.5005 -0.17
Change so far
Currency Latest bid End 2017 Pct Move
Japan yen 112.750 112.67 -0.07
Sing dlr 1.331 1.3373 +0.47
Taiwan dlr 29.607 29.848 +0.81
Korean won 1067.900 1070.50 +0.24
Baht 32.360 32.58 +0.68
Peso 49.905 49.93 +0.05
Rupiah 13478.000 13565 +0.65
Rupee 63.530 63.87 +0.54
Ringgit 4.024 4.0440 +0.50
Yuan 6.512 6.5069 -0.07
– Reuters
Source: https://www.thestar.com.my/business/business-news/2018/01/04/ringgit-lower-against-us$-on-subdued-oil-price/#12Z3TOdWBJWtce9S.99