KUALA LUMPUR, Aug 4 — The ringgit opened lower against the US dollar today on weaker demand for the local unit, dealers said.
At 9am, the ringgit was quoted at 3.8665/8695 against the greenback from 3.8510/8550 recorded yesterday.
A dealer said investors’ interest shifted more towards the US dollar following unfavourable manufacturing data and lower oil price.
The headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) was only slightly higher at 47.7 in July from 47.6 in June.
The ringgit traded lower against other major currencies.
It depreciated versus the Singapore dollar to 2.8006/8046 from 2.7958/7990 yesterday and fell against the yen to 3.1171/1208 from 3.1014/1049 yesterday.
The ringgit eased against the pound sterling to 6.0217/0279 from 6.0156/0231 recorded yesterday and declined against the euro to 4.2276/2321 from 4.2238/2297 the previous day. — Bernama
