Ringgit opens slightly lower
Ringgit notes are seen at a money changer in Kuala Lumpur June 20, 2018. — Bernama pic
KUALA LUMPUR, March 29 — The ringgit opened slightly lower against the US dollar today on lack of demand. At 9am, the local unit traded at 4.0770/0820 against the greenback from 4.0760/0800 recorded yesterday. A dealer said low demand for the ringgit was due to the strengthening US dollar, as emerging markets continued to face a slowdown in economic growth.As at 9.15am, the benchmark Brent crude was 0.37 per cent higher at US$67.35 per barrel.It declined against the Singapore dollar to 3.0075/0117 from yesterday’s close of 3.0055/0100, but rose against the British pound to 5.3229/3315 from 5.3542/3607.
The ringgit strengthened against the Japanese yen to 3.6766/6821 from 3.6937/6983 and improved versus the euro to 4.5793/5853 from 4.5871/5937. — Bernama
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