KUALA LUMPUR: The ringgit extended it’s downtrend lower against the US dollar early today as the US dollar strengthened amid talks of delay to US-China summit, off setting several better-than-expected Malaysia economic data.
At 9:00AM (0100 GMT), the ringgit stood at 4.0900/0940 against the US dollar from 4.0890/0940 at the close Thursday.
Against other major currencies, the ringgit was traded mostly higher.
It rose against the Japanese yen to 3.6564/6609 from 3.6594/6648 on Thursday, strengthened versus the British pound to 5.4160/4217 from 5.4200/4274, and increased against the euro to 4.6229/6295 from 4.6259/6320.
The local currency, however, depreciated vis-a-vis the Singapore dollar to 3.0167/0198 from 3.0162/0201 Thursday.