Ringgit ends marginally higher against the US dollar

At 6pm, the ringgit was quoted at 4.0940/0980 against the greenback from the 4.0950/1000 recorded yesterday. — Reuters pic
At 6pm, the ringgit was quoted at 4.0940/0980 against the greenback from the 4.0950/1000 recorded yesterday. — Reuters pic

, Jan 11 ― The ringgit closed marginally higher against the today on stronger buying interest following newly-released data which showed better industrial output in November last year, a dealer said.

At 6pm, the ringgit was quoted at 4.0940/0980 against the greenback from the 4.0950/1000 recorded yesterday.

The dealer said ’s Industrial Production Index, which edged up 2.5 per cent in November 2018 from a year earlier due to an increase in manufacturing and electricity indices, had brought towards the local note.

“The better crude oil prices, with the benchmark crude rising to US$62.33 per barrel today, has also helped elevate demand for the ringgit, as Malaysia is a net oil and gas exporter,” he said.



Meanwhile, the ringgit was traded mostly higher against other major currencies except for the dollar.

The local unit depreciated versus the Singapore dollar to 3.0297/0338 from 3.0286/0334 yesterday.

However, the ringgit rose against the British pound to 5.2203/2270 from 5.2256/2337, strengthen against the Japanese yen to 3.7785/7832 from 3.7882/7931 and increased against the euro at 4.7155/7217 from 4.7191/7253. ― Bernama

Source: The Malay Mail Online





Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.