RINGGIT OPENS LOWER AGAINST US DOLLAR IN TANDEM WITH DEPRECIATING ASIAN CURRENCIES

16 Jul 2013 07:54

KUALA LUMPUR, July 15 (Bernama) -- The ringgit opened lower against the US dollar in early trading today in tandem with the depreciating Asian currencies ahead of the release of China's gross domestic product data today, dealers said.

The ringgit was quoted at 3.1860/1890 against a US dollar from 3.1775/1785 on Friday.

The local currency was traded lower against the Singapore dollar at 2.5186/5219 from 2.5125/5156 Friday and lower against the yen at 3.2088/2125 from 3.2053/2090 last week.

The ringgit was also traded lower against the British pound at 4.8134/8192 from 4.8052/8107 Friday and was easier against the euro at 4.1603/1655 from 4.1402/1451 last week.

-- BERNAMA

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