Published: 2009/06/13
THE ringgit is expected to be steadier next week amid improved sentiment over the global economic recovery, said dealers. They said the ringgit was expected to move between 3.48 and 3.50 against the US dollar.
The sentiment in the financial market is expected to remain strong as the benchmark Kuala Lumpur Composite Index (KLCI) has been hovering at a nine-month high for the past three trading days. The US dollar, meanwhile, is expected to be lower in most overseas markets amid concerns over rising interest rates.
During the week just-ended, the ringgit was traded in a tight range against the greenback at between 3.50 to 3.51. On Friday-to-Friday basis, the ringgit edged down against the US dollar at 3.5000/5050 from 3.4930/4980 previously. Against other major currencies, it rose slightly against the Singapore dollar at 2.4106/4161 from 2.4150/4209 and appreciated against the yen at 3.5667/5722 from 3.6115/6181.
The local note however weakened against the pound sterling at 5.7666/7766 versus 5.6028/6122 previously but strengthened against the euro at 4.9154/9235 from 4.9541/9626 last Friday.-- Bernama
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;
music
Create a playlist at MixPod.com
