August 4, 2009

Ringgit retreats against most key currencies

The ringgit ended the day firmer yesterday against a weaker greenback in the global market, a dealer said.At 5pm, the local unit was traded at 3.5070/5100 to the dollar compared with last Friday's closing of 3.5210/5240.The dealer said the dollar fell broadly to a 2009 low to date yesterday, pressured by higher crude oil prices and other commodities.

Against the other major currencies, the local unit was traded mostly lower.It closed firmer at 2.4394/4443 versus the Singapore dollar compared to last Friday's close of 2.4411//4455 but depreciated to 3.6962/7010 against the Japanese yen from 3.6811/6862 previously.Against the British pound, the ringgit dipped to 5.9061/9115 from last Friday’s 5.8227/8298 and also weakened against the euro at 5.0055/0109 from 4.9611/9664 previously. -- Bernama

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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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