KUALA LUMPUR, July 28 — The ringgit extended yesterday’s gains to open higher against the US dollar today due to emerging demand for riskier currencies, including the local note on the back of a weakened greenback. As at 9.05am, the local currency stood at 4.2450/2500 against the dollar...
As at 9.05am, the local currency stood at 4.2450/2500 against the dollar compared with 4.2500/2550 at 6pm yesterday. — Reuters pic
KUALA LUMPUR, July 28 — The ringgit extended yesterday’s gains to open higher against the US dollar today due to emerging demand for riskier currencies, including the local note on the back of a weakened greenback. As at 9.05am, the local currency stood at 4.2450/2500 against the dollar compared with 4.2500/2550 at 6pm yesterday.
A dealer said that investors were waiting on the US Federal Reserve monetary policy decision which is scheduled to be announced on July 30.It fell against the Singapore dollar to 3.0819/0860 from 3.0808/0851 recorded yesterday but increased versus the Japanese yen to 4.0290/0342 from 4.0346/0397. The local unit depreciated against the British pound to 5.4710/4778 from 5.4587/4668 and weakened vis-a-vis the euro at 4.9934/5.0010 from 4.9746/9822 previously. — Bernama
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