Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Ringgit closes weaker on mild profit-taking

Bursa Community :: Community News

Go down

Ringgit closes weaker on mild profit-taking Empty Ringgit closes weaker on mild profit-taking

Post by Cals Thu 27 Jun 2013, 02:35

Ringgit closes weaker on mild profit-taking
Business & Markets 2013
Written by Bernama   
Wednesday, 26 June 2013 18:19

KUALA LUMPUR (June 26): The ringgit closed lower against the US dollar today on mild profit-taking after recent gains, a dealer said.

At 5pm, the ringgit was quoted at 3.1975/1995 to the greenback against Tuesday's close of 3.1820/1850.

"The greenback has recovered since yesterday, after the US released data showing solid economic recovery, which caused investors to shift their appetite back to the safe haven," he said. 

He said the sentiment was also boosted by expectations that the Federal Reserve will begin to scale back monetary stimulus in the near future.

The ringgit traded mixed against other major currencies.

The local unit was stronger against the yen at 3.2761/2795 from 3.2767/2811 
on Tuesday but declined against the British pound to 4.9126/9173 from 4.9111/9173.

The ringgit also closed higher against the euro at 4.1711/1741 from 4.1773/1819 but dropped against the Singapore dollar to 2.5144/5165 from 2.5043/5095 yesterday.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum