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Ringgit extends gains in early trading
by hlk Mon 16 Jul 2012, 13:29
The ringgit extended last week's gains in early trading Monday in line with most regional markets, dealers said.
At 9.28 am, the ringgit was traded at 3.1770/1800 against a greenback, up from 3.1830/1860 at Friday's closing.
A
dealer said sentiments were boosted by positive news from europe, which
saw a successful bond sale by Italy and strong earnings results from JP
Morgan, despite US$4.4 billion trading loss.
Against other major currencies, the ringgit was also traded higher.
The
domestic currency was unchanged against the Singapore dollar to
2.5091/5124 from Friday's 2.5091/5130 close and rose against the yen to
4.0139/0192 from 4.0154/0207 last week.
The local unit,
however, weakened against the British pound to 4.9450/9509 from
Friday's 4.9142/9198 close and slipped against the euro to 3.8858/8907
from 3.8839/8885 last week. Bernama
At 9.28 am, the ringgit was traded at 3.1770/1800 against a greenback, up from 3.1830/1860 at Friday's closing.
A
dealer said sentiments were boosted by positive news from europe, which
saw a successful bond sale by Italy and strong earnings results from JP
Morgan, despite US$4.4 billion trading loss.
Against other major currencies, the ringgit was also traded higher.
The
domestic currency was unchanged against the Singapore dollar to
2.5091/5124 from Friday's 2.5091/5130 close and rose against the yen to
4.0139/0192 from 4.0154/0207 last week.
The local unit,
however, weakened against the British pound to 4.9450/9509 from
Friday's 4.9142/9198 close and slipped against the euro to 3.8858/8907
from 3.8839/8885 last week. Bernama
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