Ringgit weakens against US dollar early Friday


  • Forex
  • Friday, 16 Oct 2015

KUALA LUMPUR: The ringgit opened lower against a rejuvenated US dollar on Friday, said a dealer.
 
At 9.15 am, the local unit was quoted at 4.1400/1500 against the dollar  from yesterday's close of 4.1200/1250.

The dealer said the greenback rose following stronger-than-expected US inflation data released last night.

The upbeat inflation data gave the US dollar some relief, after pausing its rally recently on concerns about China's economy undermining prospects of the Federal Reserve hiking rates this year. 

The local note however was traded mixed against other major currencies.

It declined against the Singapore dollar to 2.9948/0040 from 2.9914/9974 on Thursday and shed vis-a-vis the pound sterling to 6.4009/4180 from 6.3790/3892.

It however rose against the yen to 3.4723/4818 from 3.4794/4842, and strengthened against the euro to 4.7035/7152 from 4.7120/7186 previously. - Bernama

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