Forex Ringgit Appreciates Against Dollar
The ringgit appreciated against the US dollar today on strong commercial buying, mostly spurred by interest in the local bourse, dealers said. At close, the local currency stood at 3.4310/4360 against the greenback compared with Monday’s close of 3.4340/4370. A dealer said stock market window-dressing activities was likely to boost profile stocks thus garnering interest from local and overseas investors.
The ringgit was traded within a narrow band of between 3.4350 and 3.4400 throughout the day. Meanwhile, the ringgit was mostly higher against other major currencies.The local currency appreciated against the Singapore dollar to 2.4397/4459 from 2.4427/4487 yesterday and firmed against the Japanese yen to 3.7555/7634 from 3.7904/7964 previously. It, however, declined against the euro to 4.9128/9217 from 4.9058/9143 on Monday but rose against the British pound to 5.5133/5227 from 5.5343/5431 previously.
Comments
-
Recent Posts
- Japanese Yen – a Negative Beta Indicator
- The Federal Reserve Bank – America’s Big Unspoken Problem
- Better Trades – for Successful Trading Career
- Legal Marketing Agency Offers Tips for Law Firms on Development of 2009 Marketing Budgets ? Advises Against Cutting Corners
- One dollar on verge of 100 yen
- Easy Way to Make Indian Railway Reservation
- How You Can Automatically Increase Your Web Site Traffic by 1000%
- Super Currency – A multiCurrency basket the solution to our current crisis?
Meta
Now You Can Also Earn Good Money from Forex Trading House
Register your free account and write post in web site and earn good amount on every each post.
No Copyright Allowed
Tags
