Friday 29 Mar 2024
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KUALA LUMPUR (Dec 21): The ringgit was slightly lower against the US dollar this morning on reduced demand for the local note, a dealer said.

At 9.10 am, the ringgit was traded at 4.1780/1810 versus the greenback from 4.1760/1800 at Thursday's closing.   

The dealer said growing concerns among investors over global economic slowdown boosted demand for the greenback.

"These factors have weighed down the ringgit's performance," he added.

At the opening bell, the ringgit, however, traded mostly higher against other major currencies, except the Japanese yen.

It strengthened against the Singapore dollar to 3.0487/0512 from 3.0513/0553 on Thursday, rose against the euro to 4.7834/7872 from 4.7924/7991 and appreciated against the pound to 5.2906/2965 from 5.2968/3036.

However, vis-a-vis the yen, the ringgit slipped to 3.7542/7579 from 3.7379/7425.

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