News & Articles Ringgit continues to yo-yo against US dollar
Ringgit continues to yo-yo against US dollar
27 Oct 2015
The ringgit opened lower against the US dollar on lack of interest ahead of the Federal Reserve open market committee meeting today to find further clues on interest rate hike indication, dealers said.
At 9.09am, the local unit was quoted at 4.2400/2500 against the US dollar from yesterday’s 4.2220/2280.
The ringgit was also traded lower against other major currencies.
It depreciated against the Singapore dollar to 3.0451/0545 from 3.0298/0363 yesterday and was down versus the yen at 3.5105/5194 from 3.4913/4965 yesterday.
The local note declined vis-a-vis the pound sterling to 6.5084/5263 from 6.4749/4858 and slid against the euro to 4.6844/6963 from 4.6602/4677 yesterday.
At 9.09am, the local unit was quoted at 4.2400/2500 against the US dollar from yesterday’s 4.2220/2280.
The ringgit was also traded lower against other major currencies.
It depreciated against the Singapore dollar to 3.0451/0545 from 3.0298/0363 yesterday and was down versus the yen at 3.5105/5194 from 3.4913/4965 yesterday.
The local note declined vis-a-vis the pound sterling to 6.5084/5263 from 6.4749/4858 and slid against the euro to 4.6844/6963 from 4.6602/4677 yesterday.
Source: Therakyatpost.com