RINGGIT
THE ringgit continued its upward momentum to close higher against the US dollar yesterday on continued demand for the local unit amid the greenback's weaker performance, dealers said.
They said the local unit closed at 3.4920/4970 against the greenback compared with 3.5070/5100 on Monday.A dealer said the current stability in crude oil prices, coupled with gains on stock markets, had convinced traders to buy the ringgit.
"The ringgit is expected to remain steady at current levels on mounting expectation of global economic recovery, which in turn would help lift demand for the local unit.The ringgit closed mixed against other major currencies.
Against the Singapore dollar, it strengthened to 2.4365/4420 from 2.4394/4443 on Monday and appreciated against the yen at 3.6917/6990 from 3.6962/7010 previously.It, however, dipped against the British pound to 5.9273/9369 from 5.9061/9115 on Monday and also against the euro at 5.0320/0402 from 5.0055/0109 previously
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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