THE ringgit opened marginally decrease in opposition to the US greenback at the moment as buyers await rate of interest selections by main central banks this week, an economist mentioned.
At 9 am, the native be aware eased to 4.6890/6940 in opposition to the buck from yesterday’s shut of 4.6870/6915.
Financial institution Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid mentioned market gamers can be monitoring the US Federal Open Market Committee two-day assembly starting at the moment for steerage on the macroeconomic atmosphere.
“The Financial institution of England will even maintain its financial coverage assembly on Sept 21 whereby they’re anticipated to ship one other 25 foundation factors hike that may deliver the financial institution price to five.50 per cent.
“The Financial institution of Japan will additionally meet up on Sept 22 with no change anticipated of their coverage stance,” he advised Bernama.
In the meantime, the ringgit was traded principally decrease in opposition to a basket of main currencies within the early session.
It depreciated in opposition to the Japanese yen to three.1755/1791 from 3.1750/1783 at Monday’s shut and edged down in opposition to the euro at 5.0116/0169 from 5.0020/0068 yesterday, however rose versus the British pound to five.8059/8121 from 5.8128/8184 beforehand.
On the similar time, the native be aware traded decrease in opposition to different Asean currencies.
It weakened vis-à-vis the Singapore greenback to three.4387/4429 from 3.4347/4383 at yesterday’s shut and fell in opposition to the Philippines’ peso to eight.27/8.29 from 8.24/8.25 beforehand.
It additionally went down in opposition to the Indonesian rupiah to 305.0/305.5 from 304.8/305.3 on Monday and slid in opposition to the Thai baht to 13.1407/1595 from 13.1156/1337 beforehand. — BERNAMA