Forex recommendation – The ringgit opened slightly lower against the greenback

KUALA LUMPUR: The ringgit opened marginally bring down against the greenback Tuesday, post the Christmas occasion, on an absence of catalyst combined with feeble unrefined petroleum costs, said merchants. At 9 am(0100gmt), the neighborhood unit slid to exchange at 4.4750/4800 against the US dollar from last Friday’s end of 4.4725/4755. (Forex Recommendation)

A merchant said the benchmark Brent Crude oil cost was on a minor downtrend at US$55.07 per barrel, while the West Texas Intermediate was on a lower note at US$53.05 per barrel.

“The forex market is required to be dynamic as brokers would need to profit by and extend exchanging before the year closes,” he said.

The ringgit exchanged blended against other significant monetary standards. It acknowledged against the Singapore dollar to 3.0892/0935 from last Friday’s 3.0934/0959, was hardly lower against the yen at 3.8118/8163 from 3.8112/8145 and declined against the British pound to 5.4935/5041 from 5.4904/4946.

Be that as it may, the nearby note edged up opposite the euro to 4.6746/6807 from 4.6751/6800.

The accompanying table shows rates for Asian monetary forms against the dollar at 0136 GMT (0936 Malaysian time) on Tuesday Dec 27.

CURRENCIES VS U.S. DOLLAR
Change on the day at 0136 GMT
on the day at 0136 GMT
day at 0136
GMT Currency        Latest bid day                  Previous                 Pct MoveJapan yen                        117.42                           117.11                         -0.26
Sing dlr                            1.4486                            1.4483                         -0.02
Taiwan dlr                       32.247                           32.250                        +0.01
Korean won                    1205.40                          1201.40                      -0.33
Baht                                  35.98                              35.96                          -0.04
Peso                                  49.820                           49.770                         -0.10
Rupiah                             13425                             13445                        +0.15
Rupee                               67.74                             +0.00                           67.74
Ringgit                            4.4750                              4.4725                      -0.06
Ringgit                            4.4750                             4.4725                       -0.06
Yuan                                6.9493                             6.9487                      -0.01

Change so
far in 2016
Currency                 Latest bid year                 End prev              Pct Move
year

 
Japan yen                         117.42                               120.30                 +2.45
Sing dlr                             1.4486                               1.4177                 -2.13
Taiwan dlr                        32.247                              33.066                +2.54
Korean won                     1205.40                             1172.50              -2.73
Baht                                    35.98                                36.00                  +0.07
Peso                                    49.82                                47.06                  -5.54
Rupiah                               13425                              13785               +2.68
Rupee                                 67.74                               66.15                   -2.34
Ringgit                                4.4750                              4.2935                -4.06
Yuan                                   6.9493                             6.4936                -6.56
 
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