KUALA LUMPUR, Aug 25 — The Star reported today that the Malaysian ringgit fell further today, into uncharted territory against the Singapore dollar.
According to their website, the ringgit slumped to a low of 3.0303 to the Singapore dollar at 8:12am before recovering to trade at 3.0194 at 8:45am.
Meanwhile, Reuters reported that the ringgit opened lower this morning below the 4.26 level against the US dollar on the low risk appetite for the domestic currency amid China’s sluggish market sentiment, dealers said.
At 9.01am, the ringgit was quoted at 4.2610/2660 against the greenback from 4.2475/0415 at 5 pm yesterday.
“Concerns over China’s sluggish economy which was slowing faster than anticipated continued to weigh on markets worldwide,” he said.
The ringgit was lower against a basket of major currencies.
