KUALA LUMPUR : The ringgit opened lower against the US dollar today as the greenback reinforced extensively on energetic US monetary information, merchants said.
At 9 am, the ringgit was cited at 4.1350/1400 against the greenback from 4.1250/1300 on Tuesday.
A merchant said the positive US fabricating information discharged as of late had restored wagers on a year-end US financing cost increment.
A Federal Reserve official on Tuesday had likewise shown a solid case for raising financing costs to hold expansion under control, he said.
The neighborhood note was likewise exchanged lower against a wicker container of significant monetary forms with the exception of the yen.
It slipped against the British pound to 5.2618/2706 from Monday’s end of 5.2606/2674, slid against the Singapore dollar to 3.0167/0206 from 3.0114/0161 and fell against the euro to 4.6341/6414 from 4.6023/6083 yesterday.
The ringgit enhanced against the yen to 4.0212/0272 from 4.0279/0348 on Monday.