Ringgit Higher Against US$ As Dollar Retreats And On Local Positive Sentiments - The ringgit opened higher against the US dollar early Tuesday as the greenback retreated from recent gains and amid positive local sentiment ahead of the announcement on Malaysia's 2017 gross domestic product (GDP) figure, dealers said.
At 9.00 am(0100gmt), the ringgit stood at 3.9350/9380 against the greenback from Monday's close of 3.9370/9400.
A dealer said Wall Street's continued rebound and that of other major stock markets, has helped ease worries among investors, making safe haven currencies less attractive.
Bank Negara Malaysia is set to announce Malaysia's fourth quarter GDP data for 2017 tomorrow, which is expected to push past the five per cent-mark.
Meanwhile, the ringgit was mixed against a basket of major currencies.
It fell against the euro to 4.8345/8386 from 4.8279/8320 on Monday and was marginally lower against the Japanese yen at 3.6204/6235 compared to 3.6202/6240.
The ringgit, however, rose against the British pound to 5.4445/4490 from 5.4504/4553 and was almost unchanged versus the Singapore dollar at 2.9689/9732 from 2.9689/9713.
The following table shows rates for Asian currencies against the dollar at 0151 GMT(0951 Malaysian time) on Tuesday Feb 13.
CURRENCIES VS U.S. DOLLAR
Change on the day
Currency Latest bid Previous day Pct Move
Japan yen 108.680 108.64 -0.04
Sing dlr 1.324 1.3229 -0.08
Taiwan dlr 29.351 29.400 +0.17
Korean won 1084.300 1084.6 +0.03
Baht 31.600 31.69 +0.28
Peso 51.890 51.77 -0.23
Rupiah 13642.000 13655 +0.10
Ringgit 3.931 3.937 +0.15
Yuan 6.329 6.3268 -0.04
Change so far
Currency Latest bid End 2017 Pct Move
Japan yen 108.680 112.67 +3.67
Sing dlr 1.324 1.3373 +1.01
Taiwan dlr 29.351 29.848 +1.69
Korean won 1084.300 1070.50 -1.27
Baht 31.600 32.58 +3.10
Peso 51.890 49.93 -3.78
Rupiah 13642.000 13565 -0.56
Ringgit 3.931 4.0440 +2.87
Yuan 6.329 6.5069 +2.81
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