Ringgit rises against US dollar in early session FMTNews FMTBusiness
KUALA LUMPUR: The ringgit appreciated against the US dollar in the early session today on renewed buying interest after Malaysia recorded a higher trade surplus by 0.2% month-on-month at RM26.7 billion in March 2023, said an analyst.
The trade surplus marked the 35th consecutive month of trade surplus since May 2020 and the highest trade surplus ever recorded for March. At 9.03am, the local note was pegged at 4.4295/4350 versus the greenback from yesterday’s closing rate of 4.4385/4435. ActivTrades trader Dyogenes Rodrigues Diniz said the trade surplus measured the difference in value between exported and imported goods and services over the reported period and would in normal circumstances encourage more investors to buy the ringgit.It advanced against the Japanese yen to 3.2840/2886 from 3.2919/2959 at the close on Wednesday, appreciated against the British pound to 5.5041/5109 from 5.5100/5162 but eased to 4.8525/8585 from 4.8508/8563 vis-a-vis the euro.
The ringgit went up to 7.86/7.88 against the Philippine peso from yesterday’s close of 7.89/7.91 and increased against the Thai baht to 12.8578/8790 from 12.8719/8917.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia Madani or ‘Malaysia mana ni?’APRIL 19 — Before I go to sleep, I usually spend some time having an angry little owl yell at me. If you’re a language enthusiast you would know I am talking about the...
Read more »
Ringgit rises against US dollar in early sessionAt 9.03 am, the local note was pegged at 4.4275/4320 versus the greenback from Tuesday’s closing rate of 4.4315/4360. theSun theSundaily ringgit USDollar currency Malaysia BusinessNews
Read more »
Ringgit rises against US$ in early sessionKUALA LUMPUR: The ringgit rose against the US dollar in the early session today as the United States (US) Federal Reserve officials continued their hawkish stance, favouring another 25 to 75 basis points interest rate hike in the near term.
Read more »
Ringgit rises against US dollar in early trading | The Malaysian InsightEconomist says positive medium term outlook for local currency.
Read more »
Ringgit rises v dollar in early trade | The Malaysian InsightLocal note pegged at 4.4295/4350 versus the greenback.
Read more »
Ringgit rises against US dollar in early sessionAt 9.03 am, the local note was pegged at 4.4295/4350 versus the greenback from Wednesday’s closing rate of 4.4385/4435. theSun theSundaily ringgit BusinessNews Malaysia USDollar
Read more »