Ringgit opens easier against US dollar but firmer vs other major currencies

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Ringgit opens easier against US dollar but firmer vs other major currencies
RinggitMohd Afzanizam Abdul RashidUS Dollar
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SEPANG: A 29-year-old man was detained following a high speed chase, which ended with an accident between the police and the suspect's vehicle at Cybersouth in Dengkil.

KUALA LUMPUR: The ringgit opened lower against the strengthening US dollar but rose versus other major currencies, said an economist.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the elections in France and United Kingdom have apparently provided a boost to the US currency.

"While the US ISM Manufacturing Purchasing Managers Index fell to 48.5 points in June, which was lower than consensus estimates of 49.2 points, the US Dollar Index continues to be well supported," he told Bernama.

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