Ringgit opens unchanged versus US dollar

Ringgit opens unchanged versus US dollar

The local unit was quoted unchanged from Thursday’s close of 4.2770/2800 against the US dollar.

ringgit-dollar
KUALA LUMPUR: The ringgit opened flat against the US dollar, in early trading today, as investors stayed on the sidelines.

At 9 am, the local unit was quoted unchanged from Thursday’s close of 4.2770/2800 against the US dollar.

A dealer said players were positioning themselves for key market events due to be released today.

“The closely watched non-farm jobs report (US employment data) later, and domestically, June’s external trade statistics, should provide fresh leads for this range-bound market,” he said.

Against other currencies, the ringgit was lower, except, versus the British pound.

The local unit slipped against the Singapore dollar to 3.1479/1519 from 3.1451/1480 on Thursday and eased marginally against the yen to 3.8854/8891 from 3.8667/8698.

It firmed against the British pound to 5.6178/6226 from 5.6606/6659 on Thursday but continued weakening against the euro to 5.0789/0842 from Thursday’s 5.0657/0705.

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