Business

Ringgit lower against US$

KUALA LUMPUR: The ringgit was marginally lower against the US dollar early Tuesday as the greenback strengthened ahead of the US Federal Open Market Committee (FOMC) meeting this week, dealers said.

At 9 am(0100gmt), the local unit was quoted at 4.1880/1920 against the US dollar from 4.1870/1900 on Monday.

A dealer said investors awaited clues from the meeting on the US monetary policy on, while tensions over North Korea eased.

“Forecasters say the US Federal Reserve would leave interest rates unchanged and stick to plans to raise it in December,” said one dealer, adding that investors would also closely monitor United Kingdom Prime Minister Theresa May’s Brexit speech scheduled for Friday.

However, higher global oil prices helped offset the decline in the local note against the dollar.

The benchmark Brent crude were trading 0.02 per cent higher at US$55.49 per barrel.

Against other major currencies, the ringgit traded mostly higher, except versus the euro, which fell to 5.0105/0157 from 5.0035/0087 on Monday.

It marginally rose against the Singapore dollar to 3.1096/1137 from 3.1098/1132 yesterday and vis-a-vis the yen, it went up to 3.7574/7620 from 3.7619/7656 Monday.

The local note improved versus the British pound to 5.6618/6684 from 5.6717/6775 on Monday. – Bernama

 

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : SEPT 19

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.2540 4.1280 4.1180 
 1 Australian Dollar 3.3870 3.2960 3.2800 
 1 Brunei Dollar 3.1540 3.0690 3.0610 
 1 Canadian Dollar 3.4560 3.3710 3.3590 
 1 Euro 5.0780 4.9520 4.9320 
 1 New Zealand Dollar 3.1000 2.9920 2.9760 
 1 Papua N Guinea Kina 1.4290 1.2010 1.1850 
 1 Singapore Dollar 3.1535 3.0690 3.0610 
 1 Sterling Pound 5.7240 5.6100 5.5900 
 1 Swiss Franc 4.4070 4.3140 4.2990 
 100 UAE Dirham 117.0100 111.1900 110.9900 
 100 Bangladesh Taka 5.3260 5.0460 4.8460 
 100 Chinese Renminbi 64.5000 62.2000 0.0000 
 100 Danish Krone 70.1300 64.6500 64.4500 
 100 Hongkong Dollar 54.9800 52.2500 52.0500 
 100 Indian Rupee 6.7320 6.3300 6.1300 
 100 Indonesian Rupiah 0.0332 0.0300 0.0250 
 100 Japanese Yen 3.8160 3.7060 3.6960 
 100 New Taiwan Dollar NA NA 0.0000 
 100 Norwegian Krone 55.7500 51.3800 51.1800 
 100 Pakistan Rupee 4.1100 3.8500 3.6500 
 100 Philippine Peso 8.4100 7.9400 7.7400 
 100 Qatar Riyal 116.0900 110.4300 110.2300 
 100 Saudi Riyal 114.6600 108.8500 108.6500 
 100 South Africa Rand 32.8300 30.2700 30.0700 
 100 Sri Lanka Rupee 2.8500 2.6300 2.4300 
 100 Swedish Krona 55.0800 50.2700 50.0700 
 100 Thai Baht 13.6900 11.6400 11.2400  – Bernama