Australian dollar banknotes of various denominations are arranged for a photograph in Sydney, Australia, on Thursday, July 24, 2015. The Australian dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/Bloomberg
KUALA LUMPUR: The ringgit opened unchanged against the US dollar today as gains made by the greenback were capped overnight due to measures introduced by Beijing to curb the renminbi’s weakness.
At 9am, the ringgit stood at 4.1830/1880 from yesterday's close of 4.1830/1870 VM Markets Pte Ltd managing partner Stephen Innes said risk assets are trading with a friendlier tone overnight inducing a calmer day in foreign currency emerging market.
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