Malaysian Ringgit Slightly Lower Against US Dollar In Early Trading

KUALA LUMPUR, Jan 25 (Bernama) -- The Malaysian ringgit was slightly lower against the US dollar in the early session Wednesday, as demand shifted towards the greenback following a rebound in US Treasury yields. At 9.23 am, the local unit was traded at 4.4370/4400 against the US dollar, down from 4.4330/4370 at the close on Tuesday. However, the ringgit traded mostly higher against a basket of major currencies. It appreciated against the Singapore dollar to 3.1231/1257 from 3.1240/1273 Tuesday and rose against the Japanese yen to 3.9041/9071 from 3.9143/9182 on Tuesday. The local note was higher against the euro to 4.7591/7641 from 4.7606/7653 but fell against the British pound to 5.5587/5651 from 5.5302/5369. --BERNAMA