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Ringgit opens lower against US dollar
by Cals Tue 20 Aug 2013, 09:52
Ringgit opens lower against US dollar
Business & Markets 2013
Written by Bernama
Tuesday, 20 August 2013 09:40
KUALA LUMPUR (Aug 20): The ringgit opened lower against the US dollar in early trading today, in line with emerging currencies, a dealer said.
The ringgit fell against the US dollar to 3.2950/2980 from 3.2845/2875 yesterday.
The dealer said the strengthening of the greenback, boosted by high US Treasury yields, shifted investors appetite towards the US dollar.
"US benchmark bond yields hit a two-year high of nearly three per cent yesterday," he added.
The local currency was traded mostly lower against other major currencies.
It rose against the Singapore dollar to 2.5754/5782 from 2.5763/5798 yesterday but fell against the yen to 3.3729/3763 from 3.3629/3663 on Monday.
The ringgit was lower against the British pound at 5.1550/1610 from 5.1386/1440 yesterday and eased against the euro to 4.3939/3985 from
4.3769/3816 on Monday.
Business & Markets 2013
Written by Bernama
Tuesday, 20 August 2013 09:40
KUALA LUMPUR (Aug 20): The ringgit opened lower against the US dollar in early trading today, in line with emerging currencies, a dealer said.
The ringgit fell against the US dollar to 3.2950/2980 from 3.2845/2875 yesterday.
The dealer said the strengthening of the greenback, boosted by high US Treasury yields, shifted investors appetite towards the US dollar.
"US benchmark bond yields hit a two-year high of nearly three per cent yesterday," he added.
The local currency was traded mostly lower against other major currencies.
It rose against the Singapore dollar to 2.5754/5782 from 2.5763/5798 yesterday but fell against the yen to 3.3729/3763 from 3.3629/3663 on Monday.
The ringgit was lower against the British pound at 5.1550/1610 from 5.1386/1440 yesterday and eased against the euro to 4.3939/3985 from
4.3769/3816 on Monday.
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