Ringgit unchanged against US dollar at opening

KUALA LUMPUR (July 4): The ringgit opened flat on Thursday against the US dollar amid market concern on global economic growth as well as the fragile US-Sino trade war truce, a dealer said.

At 9 am, the ringgit stood at 4.1350/1380 against the greenback from Wednesday’s close of 4.1350/1380.

Vanguard Markets managing partner Stephen Innes explained that despite market worries on the background, investors would chase for yield following the falls of 10-year Treasury note yield.

“This would create a more friendly risk environment, will eventually boost the ringgit appeal today,” he told Bernama in an email. – Bernama

Source: TheEdgeMarkets