News & Articles FOREX: Ringgit Opens Marginally Lower Against US Dollar
FOREX: Ringgit Opens Marginally Lower Against US Dollar
20 Jan 2016
The ringgit opened marginally lower against the US dollar Wednesday morning as some investors turned to the safe haven currency, dealers said.
At 9.05 am, the local unit was traded at 4.3720/3820 from 4.3625/3675 against the greenback at 5pm on Tuesday.
The local unit was traded mostly lower against other emerging currencies.
It depreciated against the Singapore dollar to 3.0410/0498 from 3.0375/0349 yesterday and eased versus the yen to 3.7218/7313 from 3.7017/7072 the previous day.
The ringgit appreciated against the British pound to 6.1956/2106 from 6.2384/2481 on Tuesday but weakened against the euro to 4.7747/7873 from 4.7473/7536 yesterday.
At 9.05 am, the local unit was traded at 4.3720/3820 from 4.3625/3675 against the greenback at 5pm on Tuesday.
The local unit was traded mostly lower against other emerging currencies.
It depreciated against the Singapore dollar to 3.0410/0498 from 3.0375/0349 yesterday and eased versus the yen to 3.7218/7313 from 3.7017/7072 the previous day.
The ringgit appreciated against the British pound to 6.1956/2106 from 6.2384/2481 on Tuesday but weakened against the euro to 4.7747/7873 from 4.7473/7536 yesterday.
Source: Bernama.com