KUALA LUMPUR, July 25 — The ringgit opened lower against the greenback today as traders’ risk appetite continued to support the US currency and assets.
At 9.08am, the local unit was quoted at 4.0810/0860 against 4.0535/0595 versus the greenback at 6pm last Friday
A dealer said the recent upbeat US economic data had added to prospects of a near-term US Federal Reserve interest rate hike thus rejuvenating the greenback.
The local note also declined against the Singapore dollar to 2.9946/0002 in early trade from Friday’s 2.9891/9937 and fell against the yen to 3.8240/8305 from 3.8223/8290.
Against the British pound, the ringgit weakened to 5.3559/3641 from Friday’s 5.3194/3281 and against the euro, it eased to 4.4695/4766 from 4.4686/4768 previously. — Bernama
