Ringgit opens lower as investors seek out safe havens - News Summed Up

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Ringgit opens lower as investors seek out safe havens


KUALA LUMPUR: The ringgit retracted from yesterday's gains to open lower against the US dollar this morning, as investors continue to seek shelter in the safe-haven currency, a dealer said. At 9.20 am, the local currency fell to 4.3970/4005 against the greenback from Tuesday's close of 4.3945/3980. Nonetheless, the ringgit was traded higher against a basket of major currencies. The local note appreciated against the British pound to 5.3894/3937 from Tuesday's close of 5.4035/4078, and rose versus the Singapore dollar to 3.1706/1734 from 3.1738/1768 yesterday. The ringgit also went up against the euro to 4.6217/6254 from 4.6441/6478 and strengthened vis-a-vis the Japanese yen to 3.2281/2309 from 3.2448/2477 previously.


Source: The Star June 22, 2022 11:55 UTC



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