News & Articles Ringgit opens lower against US dollar
Ringgit opens lower against US dollar
9 Mar 2016
The ringgit opened lower against the US dollar on Wednesday morning on lack of market moving catalyst.
At 9.07am, the local unit was quoted at 4.1275/1335 per US dollar versus 4.1050/1100 at 5pm on Tuesday.
A dealer said market participants were cautious ahead of Bank Negara Malaysia's monetary policy committee meeting later today.
The ringgit was also traded weaker against other currencies.
It declined against the Singapore dollar to 2.9776/9823 from 2.9656/9703 yesterday and fell against the euro to 4.5369/5452 from 4.5262/5333.
It also depreciated against the British pound to 5.8602/8704 from Tuesday's 5.8410/8502 and decreased against the yen to 3.6682/6752 from 3.6344/6397 yesterday.
At 9.07am, the local unit was quoted at 4.1275/1335 per US dollar versus 4.1050/1100 at 5pm on Tuesday.
A dealer said market participants were cautious ahead of Bank Negara Malaysia's monetary policy committee meeting later today.
The ringgit was also traded weaker against other currencies.
It declined against the Singapore dollar to 2.9776/9823 from 2.9656/9703 yesterday and fell against the euro to 4.5369/5452 from 4.5262/5333.
It also depreciated against the British pound to 5.8602/8704 from Tuesday's 5.8410/8502 and decreased against the yen to 3.6682/6752 from 3.6344/6397 yesterday.
Source: Thestar.com.my