Ringgit lower against US$ despite better-than-expected export data
KUALA LUMPUR: The ringgit was slightly lower against the US dollar early Tuesday on weaker demand for the local note, despite the release of Malaysia’s better-than-expected exports figures for January.
At 9.11 am (0111 gmt), the ringgit stood at 4.0760/0800 against the greenback from 4.0740/0770 at close Monday.
“The ringgit’s 1.4 per cent gain year-to-date indicates that much of the optimism has already been priced in,” he added.
It declined against the Singapore dollar to 3.0072/0106 from 3.0071/0104 and depreciated against the Japanese yen to 3.6445/6487 from 3.6417/6454.
It rose against the British pound to 5.3693/3750 from 5.3944/4000 and strengthened versus the euro to 4.6197/6247 from 4.6203/6254. – Bernama
Source : TheStar