KUALA LUMPUR: The ringgit opened lower today after closing flat in the last two days on external factors, mainly from the US, which curbed demand for the local note. At 9 am(0100 gmt), the local unit stood at 4.0800/0850 from 4.0790/0830 at Tuesday's closing. OANDA Head of Trading Asia-Pacific, Stephen Innes, said the ringgit was driven overnight by the broader dollar momentum on the back of fast short-term money. The ringgit traded mostly lower against a basket of other currencies. The ringgit depreciated against the euro to 4.8315/8391 from 4.8149/8212 and traded easier against the British pound at 5.4648/4719 from 5.4532/4602 on Tuesday.

Source: The Star December 20, 2017 02:26 UTC