Highlights

Ringgit slightly lower against US dollar at opening

 Publish date: Wed, 17 Jul 2019, 9:40 AM

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar at opening due to weak demand for the local currency, said a dealer.
 
At 9.03 am, the local note stood at 4.1120/1160 against the US dollar from Tuesday’s close of 4.1100/1130.
 
The greenback according to him, remained firm following the release of a strong US retail sales data by the country’s Commerce Department, which showed an increase of 0.4 per cent month-on-month in June.
 
“The increase in retail sales is higher than expectations of a 0.1 per cent over the previous month,” he added.
 
Meanwhile, the ringgit traded higher against a basket of major currencies.
 
Against the Singapore dollar, it rose to 3.0260/0294 from 3.0276/0303 and appreciated versus the yen to 3.7986/8030 from 3.8087/8119.
 
The ringgit improved to 5.1026/1080 from 5.1161/1211 vis-a-vis the British pound and advanced to 4.6096/6157 from 4.6155/6205 when compared with the euro.
 
 - Bernama
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