Palm | Kelapa Sawit

RINGGIT

KUALA LUMPUR: The ringgit closed higher against the US dollar yesterday on increased appetite for emerging currencies, dealers said.

At 5pm, the ringgit was quoted at 3.0400/0430 against the greenback, from 3.0760/0790 on Wednesday.

A dealer said the ringgit's movement was in line with the uptrend in the regional market as the market reacted to US Fed's announcement on keeping the interest rates low.

The ringgit climbed versus the Singapore dollar to 2.4162/4205 from 2.4272/4305 previously and against the Japanese yen at 3.9180/9234, from 3.9406/9449 previously.

It also rose versus the British pound at 4.7688/7742, from 4.7850/7900 previously and gained against the euro to 3.9827/9879, from 4.0093/0135 on Wednesday. Bernama

Tokan Futures Corner View :

Dolar Still weakening and Ringgit is stronger... value for money buying on Soybean Oil Vs Crude Palm Oil.

Read more on my previous post : http://tokancorner.com/2012/01/bursa-malaysia-fkli-futures-trading/cpo-20-jan...