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Nstbusiness, Ringgit

Ringgit opens higher against US dollar

#NSTbusiness: “The #ringgit is poised to move higher against the #USdollar today in the region of RM4.33 to RM4.35.'

7/4/2020 5:00:00 AM

NSTbusiness: “The ringgit is poised to move higher against the USdollar today in the region of RM4.33 to RM4.35.'

KUALA LUMPUR: The ringgit opened higher against the US dollar today. At 9.05am, the ringgit was quoted at 4.3400/3500 against the US dollar, compared with Monday’s close of 4.3600/3700.

He said the equities market is in positive territory, with major indices such as the Dow Jones, S&P 500 and Nasdaq closing seven per cent higher compared to Friday.“The Volatility Index (VIX) has also come down dramatically to 45.24 points currently, from more than 85 points in March, suggesting that investors will take a bit more risk, albeit guardedly.

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“The ringgit is poised to move higher against the US dollar today in the region of RM4.33 to RM4.35,” he added.The ringgit was also traded higher against a basket of major currencies.It increased vis-a-vis the euro at 4.6813/6945 compared to the 4.7132/7248 on Monday, and rose against the Singapore dollar to 3.0316/0388 from 3.0417/0498.

The local unit improved versus the Japanese yen to 3.9806/9901 from 3.9919/0015, and appreciated against the British pound to 5.3048/3201 from 5.3619/3751 yesterday. - Bernama Read more: New Straits Times »

Ringgit lower against US dollar amid risk aversionInvestors keeping faith with safe-haven currencies. FMTNews Money

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