Malaysia: Ringgit lower against US$

• Sep 22, 2017

KUALA LUMPUR: The ringgit was lower against the US dollar early Thursday as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting on Wednesday.

At 9am(0100gmt), the local unit was quoted at 4.1965/2005 against the US dollar from 4.1860/1890 Wednesday.

Oanda Head of Trading Asia-Pacific, Stephen Innes, said Fed’s decision to maintain its interest rate forecast of one increase this year and three in 2018 could leave more room for the US dollar to rise further.

“However, I am not expecting a pullback of capital funds on Asia’s emerging market foreign exchanges as global growth remains solid,” he told Bernama.

Innes said the ringgit’s initial resistance was expected at 4.20 against the US dollar.

“The next target for the ringgit is at 4.10-15 level with topside resistance at 4.25 against the US dollar,” said Innes.

Against other major currencies, however, the ringgit was traded mostly higher.

The local note rose against the Singapore dollar to 3.1069/1108 from 3.1144/1177 on Wednesday and improved to 3.7302/7348 from 3.7597/7630 versus the yen Wednesday.

Against the euro, it appreciated to 4.9846/9898 from 5.0278/0331 Wednesday. It, however, fell against the British pound to 5.6611/6682 from 5.6712/6769 on Wednesday.- Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD

: SEPT 21

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.2595 4.1345 4.1245 
 1 Australian Dollar 3.4090 3.3180 3.3020 
 1 Brunei Dollar 3.1490 3.0650 3.0570 
 1 Canadian Dollar 3.4430 3.3570 3.3450 
 1 Euro 5.0460 4.9220 4.9020 
 1 New Zealand Dollar 3.1320 3.0230 3.0070 
 1 Papua N Guinea Kina 1.4310 1.2030 1.1870 
 1 Singapore Dollar 3.1485 3.0650 3.0570 
 1 Sterling Pound 5.7190 5.6060 5.5860 
 1 Swiss Franc 4.3680 4.2760 4.2610 
 100 UAE Dirham 117.1600 111.3700 111.1700 
 100 Bangladesh Taka 5.3310 5.0520 4.8520 
 100 Chinese Renminbi NA NA 0.0000 
 100 Danish Krone 69.6900 64.2700 64.0700 
 100 Hongkong Dollar 55.1600 52.0400 51.8400 
 100 Indian Rupee 6.7270 6.3300 6.1300 
 100 Indonesian Rupiah 0.0332 0.0300 0.0250 
 100 Japanese Yen 3.7830 3.6750 3.6650 
 100 New Taiwan Dollar NA NA 0.0000 
 100 Norwegian Krone 55.4700 51.1500 50.9500 
 100 Pakistan Rupee 4.1100 3.8600 3.6600 
 100 Philippine Peso 8.4800 8.0000 7.8000 
 100 Qatar Riyal 115.7200 110.0800 109.8800 
 100 Saudi Riyal 114.8200 109.0000 108.8000 
 100 South Africa Rand 32.7200 30.1700 29.9700 
 100 Sri Lanka Rupee 2.8600 2.6400 2.4400 
 100 Swedish Krona 54.6800 49.9200 49.7300 
 100 Thai Baht 13.7000 11.6500 11.2500  – Bernama

The following table shows rates for Asian currencies against the dollar at 0132 GMT (0930 Malaysian time) on Thursday.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0132 GMT
                                     
  Currency                        Latest bid  Previous day  Pct Move

  Japan yen                      112.540            112.21     -0.29
  Sing dlr                       1.352              1.3484     -0.29
  Taiwan dlr                     30.166             30.132     -0.11
  Korean won                     1133.400           1128.3     -0.45
  Baht                           33.140              33.06     -0.24
  Peso                           51.160             50.985     -0.34
  Rupiah                         13279.000           13279      0.00
  Rupee                          64.260              64.26      0.00
  Ringgit                        4.203               4.186     -0.40
  Yuan                           6.597              6.5735     -0.36
                                                                    
  Change so far                                                     
  Currency                       Latest bid   End 2016      Pct Move
  Japan yen                      112.540            117.07     +4.03
  Sing dlr                       1.352              1.4490     +7.15
  Taiwan dlr                     30.166             32.279     +7.00
  Korean won                     1133.400          1207.70     +6.56
  Baht                           33.140              35.80     +8.03
  Peso                           51.160              49.72     -2.81
  Rupiah                         13279.000           13470     +1.44
  Rupee                          64.260              67.92     +5.70
  Ringgit                        4.203              4.4845     +6.70
  Yuan                           6.597              6.9467     +5.30
 -Reuters

Source: http://www.thestar.com.my/business/business-news/2017/09/21/ringgit-lower-against-us$/#e5d5hiKgVsyPi2iv.99