KUALA LUMPUR, Oct 5 — The ringgit made a small rebound from yesterday’s loss to end higher against the greenback today as US Treasury bonds retreated from 16-year highs, dealers said.
At 6pm, the local note climbed to 4.7255/7300 against the greenback from yesterday’s close of 4.7285/7320.
A dealer said the softer-than-expected September US private payrolls data released yesterday, coupled with the continued downtrend in oil prices left the benchmark US 10-year Treasury yield down from a fresh 16-year high in midweek. The yield on the 10-year Treasury last traded at 4.735 per cent after rising as high as 4.884 per cent yesterday, hitting a 16-year high.
He said investors were now awaiting Friday’s nonfarm payrolls report.
The ringgit was traded mostly lower versus a basket of major currencies.
It went down against the yen to 3.1719/1751 from 3.1703/1729 at yesterday’s close, declined against the euro to 4.9651/9698 from 4.9645/9681 but appreciated vis-a-vis the British pound to 5.7283/7337 from 5.7343/7385.
The local note was traded mixed against other Asean currencies.
It decreased versus the Thai baht to 12.7927/8115 from 12.7549/7685 yesterday but was almost flat against the Indonesian rupiah at 302.4/303.0 from 302.4/302.8 previously.
It was higher against the Philippine peso at 8.33/8.35 compared with yesterday’s close of 8.34/8.35 and strengthened against the Singapore dollar to 3.4442/4478 from 3.4462/4492 previously. — Bernama
