Ringgit continues downtrend on cautious sentiment

The ringgit traded mixed against a basket of other currencies. — Reuters pic
The ringgit traded mixed against a basket of other currencies. — Reuters pic

, Oct 9 — The ringgit continued its downtrend against the at the close today as market traders remained on the sidelines to await developments on the US- trade talks which begins tomorrow, said a dealer.

 At 6pm, the local note stood at 4.1955/1985 against the greenback compared with yesterday’s close of 4.1920/1950.

The dealer said the greenback was steady as investors waited for an outcome from the Sino-US trade talks in Washington, scheduled on Thursday and Friday, although reports said hopes of a trade deal being reached are slim.

The ringgit, however, traded mixed against a basket of other currencies.



It declined against the dollar to 3.0404/0437 from 3.0381/0407 at Tuesday’s close and depreciated against the euro to 4.6067/6116 from 4.6058/6107.

The local note strengthened against the British pound at 5.1311/1364 from 5.1327/1380 yesterday and appreciated against the yen to 3.9082/9114 from 3.9148/9187. — Bernama

Source: The Malay Mail Online



(Next News) »


Leave a Reply

Your email address will not be published.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

Time limit is exhausted. Please reload CAPTCHA.