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Ringgit Opens Lower Against U.S. Dollar

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KUALA LUMPUR – The ringgit opened lower against the US dollar as the greenback hovered around its two-and-a-half months high ahead of the Federal Reserve open market committee statement later today, dealers said.

At 9.11 am, the local unit was quoted at 4.2720/2770 against the dollar from Tuesday’s 4.2600/2690.

The ringgit was also lower against other major currencies except for the Singapore dollar.

It was down versus the yen at 3.5485/5541 from 3.5359/5442 on Tuesday, slid against the euro to 4.7133/7192 from 4.7043/7155 and declined vis-a-vis the pound sterling to 6.5396/5485 from 6.5374/5521 yesterday.

The local note appreciated against the Singapore dollar to 3.0580/0633 from 3.0586/0666 on Tuesday. – Bernama


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