Malaysia: Ringgit remains lower ahead of BNM monetary policy meeting
KUALA LUMPUR: The ringgit remained lower versus the US dollar early Wednesday on lack of demand for the local note, a dealer said.
At 9 am (0100 gmt), the ringgit traded at 4.1440/1470 versus the US dollar from Tuesday’s close of 4.1370/1420.
The greenback continued to rise with the US economy continuing to exhibit strength amid rising concerns about the stresses enveloping some emerging markets, he said.
On the local front, the ringgit was trading on a choppy mode as traders keenly awaited the outcome of Wednesday’s meeting of the Monetary Policy Committee (MPC), scheduled to be disclosed at 3pm. (0700 gmt)
“We anticipate that the central bank will keep the benchmark interest rate unchanged,” he added.
The ringgit traded mostly lower against a basket of other currencies.
It fell versus the Singapore dollar to 3.0092/0140 from 3.0050/1100 Tuesday, slipped further against the euro to 4.8004/8055 from 4.7803/7877 and eased against the pound to 5.3267/3310 from 5.3016/3100.
However, the local note was slightly higher against the yen at 3.7119/7156 from 3.7136/7191. – Bernama
Philippine peso, Thai baht edge up
The following table shows rates for Asian currencies against the dollar as at 0146 GMT(0946 Malaysian time) on Wednesday Sept 5.
CURRENCIES VS U.S. DOLLAR
Change on the day at 0146 GMT
Currency Latest bid Previous day Pct Move
Japan yen 111.610 111.44 -0.15
Sing dlr 1.375 1.3759 +0.05
Taiwan dlr 30.755 30.766 +0.04
Korean won 1116.800 1114.9 -0.17
Baht 32.750 32.79 +0.12
Peso 53.510 53.61 +0.19
Rupiah 14925.000 14930 +0.03
Rupee 71.580 71.58 0.00
Ringgit 4.144 4.137 -0.17
Yuan 6.832 6.8450 +0.19
Change so far in 2018
Currency Latest bid End 2017 Pct Move
Japan yen 111.610 112.67 +0.95
Sing dlr 1.375 1.3373 -2.76
Taiwan dlr 30.755 29.848 -2.95
Korean won 1116.800 1070.50 -4.15
Baht 32.750 32.58 -0.52
Peso 53.510 49.93 -6.69
Rupiah 14925.000 13565 -9.11
Rupee 71.580 63.87 -10.77
Ringgit 4.144 4.0440 -2.41
Yuan 6.832 6.5069 -4.76
– Reuters
Source: https://www.thestar.com.my/business/business-news/2018/09/05/ringgit-continues-lower-against-us$/#cV3EbfkdvcGWguZi.99