Highlights

Ringgit retreats to 4.19 against US dollar

 Publish date: Fri, 14 Aug 2020, 9:54 AM

KUALA LUMPUR: The ringgit retreated from 4.18 level recorded yesterday ahead of Malaysia's second quarter (Q2) gross domestic product (GDP) announcement later today, and key trade talks between the United States and China tomorrow.
 
A 9.01am, the local note was traded lower at 4.1940/2010 from 4.1880/1930 at Thursday's close.
 
Bank Negara Malaysia will be releasing Q2 data at 12 noon.
 
Meanwhile, the ringgit was traded mixed against a basket of other major currencies.
 
It strengthened against the British pound to 5.4774/4869 from 5.4783/4865 on Thursday, and rose against the euro to 4.9519/9614 from 4.9552/9628.
 
The local unit, however, declined versus the Singapore dollar to 3.0535/0597 from 3.0523/0570, and depreciated vis-a-vis the yen to 3.9207/9284 from 3.9184/9242 yesterday. 
 
 - Bernama
 
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