Ringgit easier on weak trading


KUALA LUMPUR: The ringgit opened easier against the US dollar this morning on a lack of market participation and amid the shorter trading days due to the Hari Raya Aidilfitri holiday.

At 9.02am, the ringgit was at 4.0020/0080 against the greenback from Monday’s close of 3.9940/9000.

Against other major currencies, the ringgit also traded slightly lower.

It slipped against the Singapore dollar to 2.9706/9773 from 2.9678/9742 on Monday and declined against the yen to 3.9082/9152 from 3.8894/8967.

The local unit depreciated against the British pound to 5.3087/3174 from yesterday’s 5.2917/2004 and weakened vis-a-vis the euro to 4.4554/4637 from 4.4361/4444.

The local ringgit market will trade at half-day today and be closed for two days from tomorrow.

Trading will resume on Friday.