KUALA LUMPUR: The ringgit was lower against the US dollar in the early session today (Wednesday) on lack of buying momentum, said a dealer.
At 9.12am, the ringgit was traded at 4.4320/4370 against the US dollar, compared with 4.4280/4310 recorded yesterday. The market resumed trading today after being closed yesterday for the Federal Territory holiday.
The ringgit also traded lower against a basket of major currencies. It declined against the British pound to 5.6153/6261 from Tuesday’s 5.4965/5020 and fell against the euro to 4.7764/7840 from 4.7415/7460.
The local unit eased against the Singapore dollar to 3.1381/1439 from 3.1212/1244 and went down against the yen to 3.9204/9259 from 3.8897/8930.
