The ringgit opened lower against the US dollar today on low demand for the local currency versus the greenback, a dealer said.
At 9.08 am, the local unit was traded at 4.4300/4350 against the US dollar from Monday's close of 4.4250/4290.
Public Investment Bank Bhd, in a note today, said the US dollar gained some ground as the political and economic uncertainties in Europe left the financial markets' trading with a mildly risk-averse tone.
The ringgit was traded lower against a basket of major currencies.
It rose against the Singapore dollar to 3.1341/1398 from 3.1385/1418 and fell versus yen to 3.9607/9680 from 3.9312/9351 on Monday.
The local unit depreciated against the British pound to 5.5229/5318 from 5.5197/5261 and rose against the euro at 4.7490/7561 from 4.7551/7598 previously.
-- BERNAMA
Bernama
Tue Feb 07 2017
At 9.08 am, the local unit was traded at 4.4300/4350 against the US dollar from Monday's close of 4.4250/4290.
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