Ringgit opens lower against US dollar

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Kuala Lumpur
– The ringgit opened lower against the US dollar this morning as the greenback strengthened on continued optimism on US tax reforms.

At 9am, the local unit opened at 4.0840/0870 against the greenback, from 4.0730/0780 on Wednesday.

The local note was also traded lower against a basket of other major currencies.

It fell against the Singapore dollar to 3.0252/0290 from 3.0213/0261 yesterday, and slipped against the euro to 4.8171/8294 from 4.8155/8218 on Wednesday.

It decreased against the British pound to 5.4652/4700 from 5.4513/4584 yesterday, and declined against the yen to 3.6315/6348 from Wednesday’s 3.6311/6365. – Bernama