Ringgit slips further, opens lower against US dollar

ringgit-dollarKUALA LUMPUR: The ringgit opened lower for the last trading day of the week, dampened by external sentiment, a dealer said.

At 9 am, the ringgit was traded at 4.4660/4690 versus the US dollar from 4.4440/4480 at yesterday’s closing.

The strengthening of the US dollar due to the recent announcement by the Federal Reserve on interest rates has affected Asian currencies as well as emerging market currencies, and Malaysia has not been excluded.

Against a basket of major currencies, the ringgit traded higher.

Vis-a-vis the Singapore dollar, the ringgit rose to 3.0945/0983 from 3.1049/1096 and versus the yen, it improved to 3.7758/7796 from 3.7846/7894 on Thursday.

Against the British pound, the local currency appreciated to 5.5320/5380 from 5.5873/5949, while against the euro it rose to 4.6518/6563 from 4.6851/6921.