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Ringgit opens lower against US$ Tuesday Dec 27

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by December 27, 2016 General
At 9 am(0100gmt), the local unit slid to trade at 4.4750/4800 against the US dollar from last Friday's close of 4.4725/4755.

At 9 am(0100gmt), the local unit slid to trade at 4.4750/4800 against the US dollar from last Friday’s close of 4.4725/4755.

KUALA LUMPUR: The ringgit opened slightly lower against the greenback Tuesday, post the Christmas holiday, on a lack of impetus coupled with weak crude oil prices, said dealers.

At 9 am(0100gmt), the local unit slid to trade at 4.4750/4800 against the US dollar from last Friday’s close of 4.4725/4755. 

A dealer said the benchmark Brent Crude oil price was on a minor downtrend at US$55.07 per barrel, while the West Texas Intermediate was on a lower note at US$53.05 per barrel.

“The forex market is expected to be active as traders would want to capitalise on and stretch trading before the year ends,” he said.

The ringgit traded mixed against other major currencies.

It appreciated against the Singapore dollar to 3.0892/0935 from last Friday’s 3.0934/0959, was marginally lower against the yen at 3.8118/8163 from 3.8112/8145 and declined against the British pound to 5.4935/5041 from 5.4904/4946. 

However, the local note edged up vis-a-vis the euro to 4.6746/6807 from 4.6751/6800.
— BERNAMA

The following table shows rates for Asian currencies against the dollar at 0136 GMT (0936 Malaysian time) on Tuesday Dec 27.

    CURRENCIES VS U.S. DOLLAR

  Change on the day at   0136 GMT
                       
  Currency               Latest bid   Previous  Pct Move
                                           day  
  Japan yen                  117.42     117.11     -0.26
  Sing dlr                   1.4486     1.4483     -0.02
  Taiwan dlr                 32.247     32.250     +0.01
  Korean won                1205.40    1201.40     -0.33
  Baht                        35.98      35.96     -0.04
  Peso                       49.820     49.770     -0.10
  Rupiah                      13425      13445     +0.15
  Rupee                       67.74      67.74     +0.00
  Ringgit                    4.4750     4.4725     -0.06
  Yuan                       6.9493     6.9487     -0.01
                                                        
  Change so                                             
 far in 2016                                    
  Currency               Latest bid   End prev  Pct Move
                                          year  
  Japan yen                  117.42     120.30     +2.45
  Sing dlr                   1.4486     1.4177     -2.13
  Taiwan dlr                 32.247     33.066     +2.54
  Korean won                1205.40    1172.50     -2.73
  Baht                        35.98      36.00     +0.07
  Peso                        49.82      47.06     -5.54
  Rupiah                      13425      13785     +2.68
  Rupee                       67.74      66.15     -2.34
  Ringgit                    4.4750     4.2935     -4.06
  Yuan                       6.9493     6.4936     -6.56
– Reuters

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