Monday, 14 December 2015

Ringgit lower against dollar in early trade

The ringgit opened lower against the US dollar today, said a dealer.

 At 9.30 am, the local unit was quoted at 4.3255/3315 against the dollar from Friday's close of 4.2900/2950.
The dealer said the US dollar was lifted on the possibility of a US interest rate hike, with the Federal Open Market Committee meeting scheduled for Dec  15-16.

The local note traded mixed against other major currencies this morning.

 It went down against the Singapore dollar to 3.0608/0652 from Friday's close of 3.0484/0543, but depreciated against the yen to 3.5813/5875 from 3.5199/5251.

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