NST Online Business Times : latest

Ringgit sharply higher against US dollar

Posted: 09 Sep 2013 07:04 PM PDT

[unable to retrieve full-text content]The ringgit gained sharply against the US dollar in early trade on continued weakening of the US dollar as recent disappointing US employment data raised doubts on the extent the US is ready to reduce its bond-buying programme, dealers said. The ringgit rose sharply against the US dollar to 3.2755/2785 from 3.2930/2960 yesterday. The ringgit also strengthened against major currencies. It was higher against the Singapore dollar at 2.5789/5833 from 2.5886/5930 yesterday and gained against the yen to 3.2867/2900 from 3.3115/3152. The local currency rose against the British pound to 5.1402/1456 from 5.1614/1671 yesterday and gained against the euro to 4.3410/3457 from 4.3441/3487.-- Bernama

Short-term rates to remain stable

Posted: 09 Sep 2013 07:06 PM PDT

[unable to retrieve full-text content]Short-term interbank rates are expected to remain stable today as Bank Negara intervenes to absorb excess liquidity from the financial system through various instruments. The central bank estimated today's liquidity at RM25.987 billion in the conventional system and RM3.688 billion in Islamic funds. The bank will call for four conventional tenders comprising two RM2 billion tenders of seven days and 28 days and two RM1 billion tenders of 14 days and 21 days. It will also conduct a RM450 million Al-Wadiah tender of RM450 million for 14 days. The central bank will call for two Commodity Murabahah Programme (CMP) tenders of RM200 million for seven days and RM150 million for 34 days. At 4pm, the central bank will conduct a conventional overnight tender of up to RM20 billion and a RM3.5 billion Al-Wadiah overnight tender.-- Bernama

Kredit: www.nst.com.my

Isnin, 9 September 2013

NST Online Business Times : latest

NST Online Business Times : latest

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