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Thursday, 14 June 2018 | MYT 10:45 AM

Ringgit slips against US$ on US Fed interest rate hikes

KUALA LUMPUR: The ringgit slipped further against the US dollar early Thursday, nearing the 4.00 level after the US Federal Open Market Committee hinted at two rate hikes this year, but the market is still cautious on uncertainty over the European Central Bank's (ECB) quantitative easing plans

OANDA Head of Trading in Asia-Pacific, Stephen Innes said the market should anticipate another lazy day Thursday with investors remaining sidelined ahead of the ECB meeting as they remain glued to macro moves in the global interest rate environment.

At 9.01 am(0101gmt), the ringgit was quoted at 3.9930/9970 against the greenback from Wednesday's closing of 3.9920/9960.

The local unit was also traded lower against a basket of currencies.

It fell against the Singapore dollar to 2.9892/9933 from yesterday's 2.9874/9908 and declined against the British pound to 5.3394/3468 from 5.3241/3311 on Wednesday.

Vis-a-vis the Japanese yen, the local unit reversed yesterday's gain to 3.6198/6238 from 3.6097/6140 and weakened against the euro to 4.7089/7149 from 4.6922/6973 . – BERNAMA

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: JUNE 14

 SELLING TT/OF BUYING TT BUYING OD 

 1 Australian Dollar 3.0610 2.9840 2.9680 
 1 Brunei Dollar 3.0290 2.9530 2.9450 
 1 Canadian Dollar 3.1160 3.0380 3.0260 
 1 Euro 4.7710 4.6520 4.6320 
 1 New Zealand Dollar 2.8520 2.7580 2.7420 
 1 Papua N Guinea Kina NA NA 0.0000 
 1 Singapore Dollar 3.0290 2.9530 2.9450 
 1 Sterling Pound 5.3980 5.2890 5.2690 
 1 Swiss Franc 4.0970 4.0100 3.9950 
 1 US Dollar 4.0520 3.9380 3.9280 
 100 Bangladesh Taka 4.8700 4.5850 4.3850 
 100 Chinese Renminbi 63.4000 60.9000 0.0000 
 100 Danish Krone 65.8000 60.6700 60.4700 
 100 Hongkong Dollar 52.1600 49.6600 49.4600 
 100 Indian Rupee 6.0870 5.7300 5.5300 
 100 Indonesian Rupiah 0.0301 0.0273 0.0223 
 100 Japanese Yen 3.6710 3.5730 3.5630 
 100 New Taiwan Dollar 14.6000 NA 0.0000 
 100 Norwegian Krone 51.8700 47.8100 47.6100 
 100 Pakistan Rupee 3.5100 3.2500 3.0500 
 100 Philippine Peso 7.7200 7.2900 7.0900 
 100 Qatar Riyal 112.5800 106.8700 106.6700 
 100 Saudi Riyal 109.3000 103.7600 103.5600 
 100 South Africa Rand 31.2400 28.7500 28.5500 
 100 Sri Lanka Rupee 2.6000 2.4000 2.2000 
 100 Swedish Krona 48.5100 44.2700 44.0700 
 100 Thai Baht 13.1300 11.7400 11.3400 
 100 UAE Dirham 111.5500 105.9800 105.7800. - Reuters