Ringgit opens lower on renewed uncertainties

The ringgit however traded higher against other major currencies. — Reuters pic
The ringgit however traded higher against other major currencies. — Reuters pic

, March 1 — The ringgit extended yesterday’s losses to trade lower against the in the early session today, as more investors shifted towards the safe haven currencies due to renewed uncertainties, a dealer said.

At 9am, the ringgit fell to 4.0700/0740 against the greenback compared with Thursday’s close of 4.0650/0680.

The dealer said investors were concerned on the stronger US economic data released recently may raise expectations that the US Federal Reserve is ready to consider hiking the rates this year.

The ringgit however traded higher against other major currencies.



It rose against the Japanese yen to 3.6489/6528 from 3.6688/6718 on Thursday and appreciated against the dollar to 3.0101/0142 from 3.0140/0167.

The local note went up versus the euro to 4.6280/6342 from 4.6304/6343 and strengthened versus the British pound to 5.3960/4029 from 5.4065/4108 yesterday. — Bernama

Source: The Malay Mail Online





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