Ringgit opens lower against US dollar in early session | Malay Mail

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Ringgit opens lower against US dollar in early session

At 9.20am, the local currency stood at 4.1410/1430 versus the greenback compared to 4.1390/1420 at yesterday’s close. — Reuters pic

KUALA LUMPUR, July 9 ― The ringgit opened lower against the US dollar today, in line with most emerging Asian currencies, as investors shifted their attention towards the safe-haven currencies, said a dealer. At 9.20am, the local currency stood at 4.1410/1430 versus the greenback compared to 4.1390/1420 at yesterday’s close.

The greenback according to him has continued its upward momentum from yesterday after last week’s release of a solid US job data, which lowered the investors’ expectations of a US Federal Reserve interest rate cut.It rose against the Japanese yen to 3.8040/8069 from 3.8158/8189 yesterday, but weakened versus the Singapore dollar to 3.0444/0463 from 3.0436/0463 and improved against the euro to 4.6437/6476 from 4.6473/6511 previously.

 

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