KUALA LUMPUR: The ringgit made a small rebound from yesterday’s loss to finish higher towards the dollar as we speak as US Treasury bonds retreated from 16-year highs, sellers mentioned.
One of the sellers mentioned the softer-than-expected September US personal payrolls knowledge launched yesterday, coupled with the continued downtrend in oil costs, dragged the benchmark US 10-year Treasury yield down from a recent 16-year excessive in midweek.
The yield on the 10-year Treasury final traded at 4.735% after rising as excessive as 4.884% yesterday, hitting a 16-year excessive.
He mentioned buyers had been now awaiting Friday’s nonfarm payroll report.
At 6pm, the native foreign money climbed to 4.7255/4.7300 towards the dollar from yesterday’s shut of 4.7285/4.7320.
The ringgit was traded largely decrease versus a basket of main currencies.
It went down towards the yen to three.1719/3.1751 from 3.1703/3.1729 at yesterday’s shut, declined towards the euro to 4.9651/4.9698 from 4.9645/4.9681 however appreciated vis-a-vis the British pound to five.7283/5.7337 from 5.7343/5.7385.
The native foreign money was traded blended towards different Asean currencies.
It decreased versus the Thai baht to 12.7927/12.8115 from 12.7549/12.7685 yesterday however was virtually flat towards the Indonesian rupiah at 302.4/303.0 from 302.4/302.8 beforehand.
It was higher towards the Philippine peso at 8.33/8.35 in contrast with yesterday’s shut of 8.34/8.35 and strengthened towards the Singapore greenback to three.4442/3.4478 from 3.4462/3.4492 beforehand.
