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Ringgit Lower Against Dollar In Early Trade

in Latest/Slider

KUALA LUMPUR: The ringgit opened lower against the US dollar today, said a dealer.

At 9.30 am, the local unit was quoted at 4.3255/3315 against the dollar from Friday’s close of 4.2900/2950.

The dealer said the US dollar was lifted on the possibility of a US interest rate hike, with the Federal Open Market Committee meeting scheduled for Dec 15-16.

The local note traded mixed against other major currencies this morning.

It went down against the Singapore dollar to 3.0608/0652 from Friday’s close of 3.0484/0543, but depreciated against the yen to 3.5813/5875 from 3.5199/5251.

The ringgit also eased against the British pound to 6.5761/5856 from Friday’s close of 6.5049/5142, and fell against the euro to 4.7511/7586 from 4.7048/7112. – Bernama

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