Ringgit marginally lower in early trade

Ringgit marginally lower in early trade

KUALA LUMPUR,. The ringgit traded marginally lower against the US dollar in early trade today on lack of demand.

At 9.05am, the local unit traded at 4.1310/1360 against the greenback from 4.1300/1350 recorded yesterday.

A dealer said there was the likelihood of US dollar weakness due to thin holiday trade.

“The US dollar traded lower against a basket of currencies yesterday in thin holiday-impacted trading,” he added.

The ringgit traded mostly lower against a basket of major currencies.

It declined against the Singapore dollar to 3.0456/0495 from Monday’s close of 3.0442/0490, depreciated against the Japanese yen to 3.6970/7018 from 3.6898/6946 and fell against the euro to 4.6457/6518 from 4.6454/6506.

However, the local note appreciated against the British pound to 5.3625/3710 from 5.3649/3726. — Bernama