Money
Ringgit opens lower on lack of buying momentum
Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore August 24, 2015. u00e2u20acu201d Reuters pic

KUALA LUMPUR, Dec 19 — The ringgit opened easier against the US dollar on lack of buying interest, weighed down by uncertainties surrounding negotiations between the US and China, said a dealer.

At 9am, the ringgit stood at 4.1400/1440 against 4.1370/1400 at yesterday’s close.

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The dealer said sentiment for the US dollar strengthened, bolstered by the latest developments on the US-China trade deal, with the two economic giants having inked a "phase one” trade deal.

Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.

It appreciated versus the euro to 4.6016/6077 from 4.6057/6095 and rose versus the British pound to 5.4151/4220 from 5.4232/4288, and strengthened against the Japanese yen to 3.7750/7796 from 3.7802/7832 yesterday.

The local note however fell against the Singapore dollar to 3.0529/0569 from 3.0520/0547 on Wednesday. — Bernama

 

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