KUALA LUMPUR: The ringgit was slightly higher against the US dollar early Friday on mild buying support for the local note, a dealer said.

At 9.00 am(0100gmt), the ringgit was quoted at 4.0375/0405 against the US dollar compared with 4.0395/0425 recorded at Thursday’s close.

“This slightly higher ringgit won’t last long as we expect the trade war would escalate, which will favour the greenback,” the dealer said.

US President Donald Trump recently announced his decision to impose 10 per cent tariffs on an extra US$200 billion worth of Chinese imports.

It rose against the Singapore dollar to 2.9620/9659 from 2.9643/9672, and strengthened against the yen to 3.5819/5855 from 3.5926/5959 on Thursday.

The ringgit was higher against the euro at 4.7101/7141 from 4.7161/7212, and improved against the British pound to 5.3210/3254 from 5.3394/3438. – Bernama

The following table shows rates for Asian currencies against the dollar at 0144 GMT (0944 Malaysian time) on Friday July 13.

CURRENCIES VS U.S. DOLLAR

Currency                     Latest bid  Previous day  Pct Move

Japan yen                    112.650     112.55        -0.09
Sing dlr                     1.362       1.3630        +0.07
Taiwan dlr                   30.485      30.542        +0.19
Korean won                   1122.500    1125.9        +0.30
Baht                         33.180      33.26         +0.24
Peso                         53.423      53.393        -0.06
Rupiah                       14350.000   14375         +0.17
Rupee                        68.570      68.57          0.00
Ringgit                      4.035       4.0395        +0.11
Yuan                         6.655       6.6730        +0.27

Change so far in 2018

Currency                     Latest bid  End 2017      Pct Move

Japan yen                    112.650     112.67        +0.02
Sing dlr                     1.362       1.3373        -1.82
Taiwan dlr                   30.485      29.848        -2.09
Korean won                   1122.500    1070.50       -4.63
Baht                         33.180      32.58         -1.81
Peso                         53.423      49.977        -6.45
Rupiah                       14350.000   13565         -5.47
Rupee                        68.570      63.87         -6.85
Ringgit                      4.035       4.0440        +0.22
Yuan                         6.655       6.5069        -2.23
-Reuters

 

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