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Ringgit ends higher against US dollar

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Ringgit ends higher against US dollar Empty Ringgit ends higher against US dollar

Post by Cals Sun 13 Oct 2013, 21:20

Ringgit ends higher against US dollar
Business & Markets 2013
Written by Bernama   
Friday, 11 October 2013 17:49

KUALA LUMPUR (Oct 11): The ringgit ended the week higher against the US dollar on strong buying interest for the local unit, dealers said.
At closing, the domestic currency was quoted at 3.1785/1815 against the greenback from Thursday's close of 3.1900/1930.
A dealer said that the ringgit, together with other Asian currencies, had improved as risk sentiment rebounded on growing hopes for a deal in  Washington to end a fiscal standoff and possibly avoid a US default.
"Most of the emerging Asian currencies were pushed higher, including the ringgit which rose 0.3 per cent," he said.
Against other currencies, the ringgit was also traded higher.
It rose versus the Singapore dollar to end at 2.5459/5491 from 2.5485/5515  yesterday and soared against the yen to 3.2310/2347 from 3.2601/2648 previously.
The local currency also appreciated against the British pound to 5.0746/0801 from 5.0839/0900, and was higher against the euro at 4.3102/3149 from 4.3175/3229 on Thursday.
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