RINGGIT OPENS SLIGHTLY HIGHER AGAINST US DOLLAR

12 Jul 2013 11:19

KUALA LUMPUR, July 4 (Bernama) -- The ringgit opened slightly higher against the US dollar this morning on mild demand from investors, a dealer said.

The ringgit strengthened against the US dollar to 3.1830/1860 from 3.1850/1880 on Wednesday.

The dealer said investors' appetite shifted towards the local currency as investors await potential market-moving events, including the June US non-farm payrolls data on Friday.

Meanwhile, the local currency was mostly lower against other major currencies.

It was little changed against the Singapore dollar at 2.5020/5047 from 2.5028/5055 yesterday but was sharply higher against the yen at 3.1855/1892 from 3.1962/1998.

The local unit depreciated against the British pound to 4.8592/8647 from 4.8539/8595 yesterday and weakened against the euro to 4.1395/1437 from 4.1258/1304 on Wednesday.

-- BERNAMA

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