Ringgit slightly lifted by stronger 2Q GDP

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 slightly higher against the US dollar on mild buying support for the domestic unit amid stronger second-quarter economic growth announced last Friday. At 9.06 am, the ringgit stood at 4.1750/1780 against the greenback from 4.1760/1810 recorded at last Friday’s close.

Malaysia’s economy grew by 4.9 per cent in the second quarter of 2019 from 4.5 per cent in the first quarter on the back of higher household spending and private investment.