Wednesday, April 22, 2009

FOREX: RINGGIT CLOSE HIGHER AGAINST US DOLLAR

KUALA LUMPUR, April 6 (Bernama)-- The ringgit closed higher against the US dollar today on hopes of a global economic recovery with the US$1.1 trillion stimulus package by the Group of 20, dealers said.
It also helped boost sentiment among Asian currencies, they added.Recently released US jobs data, though remaining weak, did not dampen the sentiment for Asian currencies either
The ringgit closed higher against the US dollar at 3.5560/5610 from 3.5790/5820 on Friday.The ringgit was also higher against the Singapore dollar at 2.3686/3740 from 2.3779/3833 on Friday and gained against the yen at 3.5035/5098 from 3.5742/5799 previously.As against the British pound, the ringgit was lower at 5.3034/3123 from 5.2855/2943 on Friday and higher against the euro at 4.8085/8163 from 4.8125/8203 previously.

No comments:

Post a Comment