April 13: Ringgit opens lower against US dollar

 Publish date: Fri, 13 Apr 2018, 10:27 AM

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning in line with other emerging Asian currencies on concerns over geopolitical tensions in Syria.

At 9am, the ringgit was quoted at 3.8780/8810 compared with Thursday's 3.8750/8780.

A dealer said US President Donald Trump's warning of imminent military action in Syria prompted investors worldwide to sell riskier assets.

Meanwhile, the ringgit traded mixed against a basket of other major currencies.

It eased against the Singapore dollar to 2.9562/9597 from 2.9553/9580 on Thursday, but appreciated against the yen to 3.6091/6126 from 3.6235/6274.

The local unit declined against the pound to 5.5219/5273 from 5.4905/4951, but was higher against the euro at 4.7804/7845 from 4.7810/7862. - Bernama

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