Malaysian Ringgit Opens Slightly Lower Against US Dollar

KUALA LUMPUR, June 8 (Bernama) -- The Malaysian ringgit retreated from Wednesday's positive momentum to open slightly lower against the US dollar on mild profit taking activities, dealers said. At 9.10 am, the local unit was quoted at 4.2650/2700 against the greenback from Wednesday’s close of 4.2590/2620. Against a basket of major currencies, the ringgit traded mostly higher. It rose against the Singapore dollar to 3.0825/0877 from 3.0853/0889 and appreciated versus the yen to 3.8787/8846 from 3.8995/8033. The local unit weakened to 5.5257/5348 from 5.5009/5074 when compared with the British pound but appreciated against the euro to 4.7973/8038 from 4.7995/7037. -- BERNAMA