The ringgit opened easier against the US dollar and other major currencies.<\/p>\n
As at 9.00 am, the local unit was quoted at 3.9850\/9880 against the greenback from Tuesday’s close of 3.9480\/9530.<\/p>\n
Today was the first day of trading for the ringgit following the 14th General Election last Wednesday, which saw Pakatan Harapan (PH) forming the new government, a dealer said.<\/p>\n
The market was closed on Wednesday for polling day, followed by a two-day public holiday after the PH victory.<\/p>\n
\u201cAttention will be focused on the Malaysian onshore markets this morning after Prime Minister Tun Dr Mahathir Mohamad’s coalition triggered the circuit breakers and imposed a cooling off period for cash markets by declaring the two-day public holiday,\u201d OANDA Head of Trading Asia-Pacific, Stephen Innes said in a note today.<\/p>\n
He also said the Malaysian ringgit could see traders on a cash market knee-jerk reaction looking to position long term views based on the country’s solid domestic economic performance, high external factors and of course,\u00a0 higher oil prices.<\/p>\n
Meanwhile, Dr Mahathir has assured that he will try to make the ringgit as steady as possible.<\/p>\n
The ringgit fell against the Singapore dollar to 2.9893\/9929\u00a0 from 2.9498\/9540 and declined versus the yen at 3.6466\/6503 from 3.6250\/6299.<\/p>\n
The local currency depreciated vis-a-vis the British pound to 5.4053\/4113 from 5.3353\/3437\u00a0 and weakened against the euro to 4.7673\/7716 from 4.6898\/6962. – Bernama\u00a0 \u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The ringgit opened easier against the US dollar and other major currencies. As at 9.00 am, the local unit was quoted at 3.9850\/9880 against the greenback from Tuesday’s close of 3.9480\/9530. Today was the first day of trading for the ringgit following the 14th General Election last Wednesday, which saw Pakatan Harapan (PH) forming the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-1745","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1745"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1745\/revisions"}],"predecessor-version":[{"id":6468,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1745\/revisions\/6468"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}