online casino bluebook - online casino gambling guide, to top ranked online casinos and reviews of over 200 gambling related websites. www.onlinecasinobluebook.com also host a casino forum, blog, and casino news articles
THE ringgit closed lower against the greenback yesterday as investors sought to shun risks over fears of new restrictions on banks in the US, dealers said.
At 5pm, the ringgit eased to 3.3970/4020 against the greenback from last Friday's closing of 3.3940/3990.
"There were wild movements of the local unit against the US dollar, as there was some risk aversion in the Asia-Pacific and emerging markets, with flight to the greenback," a dealer said.
President Barack Obama had last Thursday proposed to ban commercial banks in the country from making trades for their own accounts as well as from owning or investing in hedge funds or equity funds.
At close, the ringgit was mostly lower against other major currencies, easing against the Singapore dollar to 2.4237/4286 from 2.4203/4260 on last Friday.
It also declined against the Japanese yen to 3.7661/7720 from the 3.7586/7658 last Friday as well as against the euro to 4.8074/8152 from 4.7978/8055 previously.
The ringgit, however, appreciated against the British pound to 5.4902/5000 from 5.5183/5281, last Friday.
THE ringgit ended lower against the US dollar yesterday on worries about the impact of China's move to rein in lending on the back of a global economic recovery, dealers said.
At 5pm, the ringgit depreciated to 3.4200/4230 against the greenback from Monday's close of 3.3970/4020.
"The news about China slowing down bank lending will impact Asia's growth and market players are buying back the US dollar. This weakened demand for the ringgit," a dealer said.
The dealer expects the ringgit to remain under pressure this week following the news, adding that, the local currency is also likely to hover around 3.44 to the US dollar.
At close, the ringgit was traded lower against other major currencies, declining against the Singapore dollar to 2.4321/4365 from Monday 2.4237/4286 and also against the Japanese yen to 3.7979/8029 from 3.7661/7720 previously.
Compared with the euro, the ringgit weakened to 4.8201/8251 from 4.8074/8152 on Monday, as well as against the British pound to 5.5524/5590 from 5.4902/5000.
THE ringgit closed lower against the US dollar yesterday as investors moved away from risk activities in the absence of strong leads, dealers said.
At 5pm, the ringgit depreciated to 3.4250/4300 vis-a-vis the greenback from Tuesday's close at 3.4200/4230.
"Investor sentiment was cautious, with the market awaiting a Federal Reserve policy announcement, and closely watching China's steps to rein in credit.
"This pushed investors into taking a "wait-and-see" stance," a dealer said.
"Aside from interbank names covering US dollar shorts and remaining reluctance to unload dollars, the Ringgit may likely stay on the weak side," the dealer said.
Compared with other major currencies, the Ringgit was traded mixed.
It eased against the Singapore Dollar to 2.4346/4389 from Tuesday 2.4321/4365 and against the Japanese Yen to 3.8294/8363 from 3.7979/8029 on Tuesday.
However, the Ringgit rose against the Euro to 4.8053/8130 from 4.8201/8251 on Tuesday. It also gained against the British Pound to 5.5214/5309 from 5.5524/5590 Tuesday.
THE ringgit ended lower against the US dollar yesterday on the back of a strengthening greenback, dealers said.
At 5pm, the ringgit eased to 3.4060/4110 against the greenback from 3.4040/4080 on Thursday.
The US dollar gained in anticipation of favourable economic data to be released in the US which would also provide guidance for the greenback's next move.
A dealer said most investors were reluctant to take heavy positions ahead of the weekend and the Federal Territory public holiday on Monday.
At close, the ringgit was traded mostly higher against other major currencies.
It rose against the Singapore dollar to 2.4256/4319 from Thursday 2.4281/4334 but declined against the Japanese yen to 3.7748/7820 from 3.7647/7699 Thursday.
The ringgit appreciated against the Euro to 4.7602/7679 from on Thursday 4.7792/7859 and gained against the British pound to 5.5078/5173 from 5.5397/5475 on Thursday.
THE ringgit closed easier against the US dollar as market players retreated following a speculation that the central bank may raise interest rate earlier than expected, a dealer said.
As at 5pm, the local currency declined to 3.4170/4200 against the greenback compared to last Friday's close of 3.4060/4110.
The local market which was closed on Monday for the Federal Territory Day holiday, saw the local currency also declining due to a stronger US dollar which has been gaining strength from positive signs of recovery in the US economy.
Recently, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz was reported saying that there was a need to look at normalising interest rates due to other risks of financial imbalances.
She said should interest rates go too low and (remain so) too long, it could result in people moving outside the formal financial system to enhance their returns on savings and result in taking higher risks without realising it and this may result in problems later on.
The ringgit, meanwhile was higher against other major currencies.
It appreciated to 2.4195/4240 against the Singapore dollar from 2.4256/4319 last Friday and rose against the Japanese yen to 3.7694/7753 from 3.7748/7820 previously.
The ringgit was also higher versus the Euro to 4.7561/7613 from last Friday's 4.7602/7679 and gained against the British pound to 5.4388/4453 from 5.5078/5173 previously.
Ringgit rises as players shift interest to Asian currencies
Published: 2010/02/04
RINGGIT
THE ringgit was higher at close yesterday against the greenback as market players developed a risk-taking appetite and shifted their interest towards Asian currencies, a dealer said.
As at 5 pm, the local currency rose to 3.4000/4040 from Tuesday close of 3.4170/4200.
The dealer also said support for the local note strengthened due to a continuous rise on the local bourse, as investor sentiment on economic recovery improved.
The ringgit moved between 3.4040 and 3.4200 throughout the trading day.
Meanwhile, the local currency was mostly lower against other major currencies.
It appreciated to 2.4149/4202 against the Singapore dollar from 2.4195/4240 on Tuesday and decreased against the Japanese yen to 3.7711/7780 from the previous closing of 3.7694/7753.
The ringgit also declined against the Euro to 4.7607/7670 from 4.7561/7613 previously and eased against the British pound to 5.4573/4648 from Tuesday's close of 5.4388/4453.
THE ringgit was lower against the US dollar in late trade yesterday on lack of commercial interest for the local unit, dealers said.
At 5pm, the local unit was at 3.4170/4210 to a US dollar compared with Wednesday closing of 3.4000/4040.
The ringgit lost ground as the greenback gained support following better-than-expected US private jobs data for January - a sign of economic recovery in the world's largest market, said a dealer.
In the late session, the ringgit was mostly higher against other major currencies.
Though it eased against the Singapore dollar at 2.4157/4207 compared with 2.4149/4202 on Wednesday, the local unit advanced against the Japanese yen to 3.7645/7697 from 3.7711/7780.
The ringgit was also firmer against the euro at 4.7325/7384 compared with Wednesday's 4.7607/7670 and rose against the British pound to 5.4255/4322 from 5.4573/4648.
THE ringgit was easier against the US dollar in late trading yesterday as investors sought the greenback as a safe-haven, dealers said.
At 5pm, the local unit was traded at 3.4420/4460 against the US dollar, compared with Thursday close of 3.4170/4210.
A dealer said Asian currencies, including the ringgit continued on a downtrend as market players sought more of the greenback on concerns over the European Union's rising debt and deficit as well as ahead of the key US payroll data report released later yesterday.
During the late session, the ringgit was mixed against other major currencies.
Against the Singapore dollar, it eased to 2.4205/4240 compared with Thursday's close of 2.4157/4207 and declined against the Japanese Yen to 3.8372/8434 from 3.7645/7697 previously.
Meanwhile, the ringgit was firmer against the euro to 4.7128/7190 compared with Thursday's close of 4.7325/7384 and rose against the British pound to 5.4002/4082 from 5.4255/4322 previously
RINGGIT closed higher against the US dollar yesterday with investors shifting to riskier assets due to worries in the eurozone and lingering concerns about a global tax on banks.
At 5pm, the local unit was traded at 3.4380/4430 against the US dollar, compared with last Friday's close of 3.4420/4460.
Markets were worried that problems in Greece, Portugal and other weaker eurozone states could upset or derail the still fragile global economic recovery, said a dealer.
"The situation in overseas markets remains unclear," he said.
The US dollar also saw a sell-off as traders awaited the release of Federal Reserve plans to unwind stimulus tomorrow.
The ringgit also rose against the Singapore dollar to 2.4174/4229 from Friday's close of 2.4205/4240 but eased against the Japanese yen to 3.8396/8474 from 3.8372/8434.
The ringgit was firmer against the euro at 5.3695/3787 compared with 5.4002/4082 and rose against the British pound to 4.7101/7179 from 4.7128/7190.
THE ringgit closed higher against the US dollar yesterday in line with gains in other Asian currencies, dealers said.
The Chinese Yuan, which is pegged to the US Dollar, has started "roaring" as the region takes charge in leading the global economic recovery.
Aberdeen Asset Management Director (Business Development) Donald Amstad said the Chinese government reacted to their domestic interest rate regime, rather than to external pressures, to allow the Yuan to appreciate.
"But this stance would change sooner or later," he added.
At 5pm, the local unit was traded at 3.4340/4390 compared with Monday's close of 3.4380/4430.
The local unit finished higher against the Japanese yen to 3.8339/8407 from 3.8396/8474 previously, rose against the euro to 4.7090/7169 from 4.7101/7179 and appreciated against the British pound to 5.3526/3624 from 5.3695/3787 on Monday.
It, however, declined against the Singapore dollar to 2.4154/4241 from Monday's close of 2.4174/4229.
