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Tuesday, 21 March 2017 | MYT 10:11 AM

Ringgit continues uptrend against US$ early Tuesday

KUALA LUMPUR: The ringgit opened higher against the US dollar again Tuesday morning as the greenback remained under pressure after a hawkish stance by the Federal Reserve on interest rate increases.

At 9 am(0100gmt), the local note was traded at 4.4230/4270 against the greenback from Monday's close of 4.4250/4280.

Chicago Federal Reserve President, Charles Evans, reinforced the perception and said that the US central bank won't accelerate the pace of its interest rate, which has dampened the dollar and resulted in investors shifting to other emerging currencies, including the ringgit.

A dealer said the ringgit's performance was in line with other Asian currencies which rose on the back of the greenback's weakness.

The ringgit, meanwhile, was traded lower against other major currencies. 

It eased against the Singapore dollar to 3.1663/1703 from 3.1639/1672 on Monday.

The local note rose againt the British pound to 5.4735/4811 from 5.4919/4965 Monday.

It fell against the euro to 4.7605/7652 from Monday's close of 4.7591/7628, and it was lower against the yen at 3.9358/9407 from 3.9215/9259 on Monday. - Reuters


EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: MARCH 21:

SELLING        BUYING        BUYING

TT/OD            TT                 OD 

1 US Dollar 4.4885 4.3615 4.3515

1 Australian Dollar 3.4810 3.3640 3.3480

1 Brunei Dollar 3.2230 3.1140 3.1060

1 Canadian Dollar 3.3730 3.2660 3.2540

1 Euro 4.8340 4.6810 4.6610

1 New Zealand Dollar 3.1900 3.0570 3.0410

1 Papua N Guinea Kina 1.5260 1.2740 1.2580

1 Singapore Dollar 3.2225 3.1140 3.1060

1 Sterling Pound 5.5510 5.4020 5.3820

1 Swiss Franc 4.4980 4.3710 4.3560

100 UAE Dirham 123.9800 117.0000 116.8000

100 Bangladesh Taka 5.6830 5.3470 5.1470

100 Chinese Renminbi N/A N/A 0.0000

100 Danish Krone 66.8100 61.1700 60.9700

100 Hongkong Dollar 58.6400 55.3400 55.1400

100 Indian Rupee 7.0050 6.5400 6.3400

100 Indonesian Rupiah 0.0350 0.0314 0.0264

100 Japanese Yen 4.0100 3.8670 3.8570

100 New Taiwan Dollar N/A N/A 0.0000

100 Norwegian Krone 54.5500 49.9400 49.7400

100 Pakistan Rupee 4.3700 4.0700 3.8700

100 Philippine Peso 9.1200 8.5500 8.3500

100 Qatar Riyal 124.5600 118.4900 118.2900

100 Saudi Riyal 121.0600 114.9300 114.7300

100 South Africa Rand 36.5500 33.5900 33.3900

100 Sri Lanka Rupee 3.0400 2.7800 2.5800

100 Swedish Krona 52.6900 47.7500 47.5500

100 Thai Baht 13.8400 11.6900 11.2900

- Bernama


The following table shows rates for Asian currencies against the dollar at 0146 GMT.(0946 Malaysian time on March 21 Tuesday


CURRENCIES        VS         U.S. DOLLAR

Currency            Latest bid      Previous day     Pct Move

Japan yen            112.580             112.55       -0.03
  Sing dlr              1.398               1.3965       -0.09
  Taiwan dlr          30.465              30.527       +0.20
  Korean won        1117.100            1120.1       +0.27
  Baht                  34.710               34.71       +0.00
  Peso                 50.140               50.09       -0.10
  Rupiah              13307.000            13312       +0.04
  Rupee                65.360               65.36       +0.00
  Ringgit              4.422                4.425       +0.07
  Yuan                 6.906               6.9090       +0.04
                                                       
  Change so far

  Currency           Latest bid            End 2016             Pct Move

  Japan yen          112.580             117.07       +3.99
  Sing dlr              1.398               1.4490       +3.67
  Taiwan dlr           30.465              32.279       +5.95
  Korean won        1117.100           1207.70       +8.11
  Baht                  34.710               35.80       +3.14
  Peso                 50.140               49.72       -0.84
  Rupiah              13307.000            13470       +1.22
  Rupee               65.360               67.92       +3.92
  Ringgit              4.422               4.4845       +1.41
-Reuters