Ringgit ends more easily against the US dollar | Silver


Malaysian ringgit banknotes can be seen among the US dollar banknotes in this illustrative photo taken in Singapore in this file photo from August 24, 2015. – Reuters photo

KUALA LUMPUR, August 6 – The ringgit closed slightly easier against the US dollar on Friday, as buying sentiment for the local unit deteriorated after Malaysia reported its daily Covid-19 cases on Friday. higher.

At 6 p.m., the local score stood at 4.2180 / 2205 against the greenback against 4.2140 / 2190 at yesterday’s close.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the local note continued to face pressure today despite some strength in the price of Brent crude oil, as nervousness over rising cases of Covid-19 continues to cloud the outlook for economic growth.

Malaysia recorded 20,889 new Covid-19 infections on Friday, the highest since the start of the pandemic last year.

Meanwhile, at close, the local note traded for a basket of major currencies.

The ringgit appreciated against the Japanese yen at 3.8415 / 8442 against 3.8456 / 8505 at Thursday’s close and appreciated against the euro at 4.9815 / 9844 against 4.9868 / 9928 previously .

It fell against the Singapore dollar to 3.1219 / 1240 from 3.1206 / 1247 and slipped against the British pound to 5.8685 / 8720 from 5.8655 / 8724 previously. – Bernama


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