Money
Ringgit opens lower against US dollar
Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore in this August 24, 2015 file photo. u00e2u20acu201d Reuters pic

KUALA LUMPUR, June 13 — The ringgit declined against the US dollar on Thursday morning as investors anticipate the resumptions of a trade war between the US and China, a dealer said.

At 9am, the ringgit was at 4.1620/1650 against the greenback from 4.1550/1600 at yesterday’s close.

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President Donald Trump reportedly told the media that he has no specific date for a restart in US-China trade talks.

"I have no deadline. My deadline is what’s up here,” while pointing to his head during a news conference Wednesday at the White House.

At the opening, the ringgit, however, traded higher against a basket of major currencies.

It depreciated against the Singapore dollar to 3.0448/0475 from 3.0446/0492 at last Wednesday’s close, appreciated versus the yen to 3.8352/8391 from 3.8376/8426 and strengthened against the euro to 4.6972/7027 from 4.7064/7137.

Vis-a-vis the pound, the local unit was better at 5.2820/2862 to 5.2922/2003 at last Wednesday’s close.  — Bernama

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