KUALA LUMPUR: The ringgit opened higher against the US dollar in early trade, on mild demand from exporters and the greenback’s renewed weakness, a currency dealer said. "Month-end exporters' demand for the ringgit, coupled with expected weakness in US (economic) data and concerns that US economic growth could be slowing down have lent support to the ringgit. However, the ringgit eased against other major currencies. It traded slightly higher against the Singapore dollar to 3.1537/1571 from 3.1542/1569 yesterday, but weakened against the yen to 3.8760/8798 from Monday's 3.8712/8743. It eased against the British pound to 5.6445/6501 from 5.6128/6180 yesterday, and depreciated against the euro to 5.0546/0599 from 5.0217/0261on Monday.

Source: New Strait Times August 01, 2017 02:03 UTC