KUALA LUMPUR, July 29 — The ringgit maintained its uptrend to open higher against the US dollar today, benefitting from a weakening greenback as more investors shifted towards emerging currencies, including the local note. As at 9.15am, the local currency stood at 4.2480/2510 against the US...
As at 9.15am, the local currency stood at 4.2480/2510 against the US dollar from 4.2500/2560 at 6pm yesterday. — Reuters pic
KUALA LUMPUR, July 29 — The ringgit maintained its uptrend to open higher against the US dollar today, benefitting from a weakening greenback as more investors shifted towards emerging currencies, including the local note. As at 9.15am, the local currency stood at 4.2480/2510 against the US dollar from 4.2500/2560 at 6pm yesterday.
A dealer said that investors turned cautious over the greenback ahead of the US Federal Reserve’s monetary policy decision this week.Against the Singapore dollar, the ringgit slipped to 3.0807/0840 from 3.0790/0838 yesterday and it decreased versus the Japanese yen to 4.0388/0428 from 4.0372/0441 on Tuesday.
The local note depreciated against the British pound to 5.4905/4948 from 5.4702/4796 but strengthened vis-a-vis the euro to 4.9791/9830 from 4.9840/9927 previously. — Bernama
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