Ringgit opens higher against US dollar
The ringgit continued its upward momentum last week to open higher against the US dollar today. — Reuters pic
KUALA LUMPUR, July 15 — The ringgit continued its upward momentum last week to open higher against the US dollar today, spurred by improved buying interest for the local unit, said a dealer. At 9.05am, the local note stood at 4.1070/1120 versus the greenback compared with Friday’s close of 4.1140/1170.At press time, the benchmark Brent crude futures rose to US$66.74 per barrel.
“Meanwhile, investors are staying on the sidelines awaiting China’s second-quarter economic data to be released along with other key economic indicators today,” he said.It slid slightly against the Singapore dollar to 3.0247/0274 from Friday’s close of 3.0217/0251 and fell against the yen to 3.8084/8123 from 3.7910/7954.
The local currency depreciated versus the British pound to 5.1613/1659 from 5.1511/1586 and slipped against the euro to 4.6298/6336 from 4.6273/6323. — Bernama
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