`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Thursday, December 15, 2016

Ringgit opens lower, US Fed raises interest rates



The ringgit weakened against the US dollar, in early trade today, weighed by poor sentiment in the market, a dealer said.
At 9am, the ringgit was traded at 4.4600/4650 versus the US dollar from, 4.4440/4480 yesterday.

A dealer said the US Federal Reserve (Fed) raised interest rates by 25 basis points, shifting attention to the US and and the greenback, which appreciated against a basket of currencies.
"Gold hit its lowest level in more than 10 months," he added.
Against the Singapore dollar, the ringgit rose to 3.0931/0981 from 3.1190/1223 and versus the yen, it advanced to 3.7883/7929 from 3.8580/8618 yesterday.
Versus the British pound, the local currency appreciated to 5.5844/5924 from 5.6239/6307 and rose against the euro to 4.6763/6838 from 4.7218/7269 yesterday.
- Bernama

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.