Tuesday, 24 May 2016

Ringgit opens lower against US$

The ringgit opened lower against the US dollar Tuesday morning, dampened by the stronger greenback.

At 9.02 am(0102GMT), the ringgit was quoted at 4.0930/0980 against the US dollar from 4.0800/0860 at 5 pm Monday.

A dealer said the anticipation of higher US interest rates next month sparked demand for the currency of the world's largest economy.

The local note was also traded lower against a basket of major currencies.

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