KUALA LUMPUR: The ringgit opened lower against the US dollar as financial specialists' advantage moved towards the greenback on rising US Treasury yields.
As at 9.07 am, the nearby unit remained at 4.4560/4600 against the greenback from 4.4520/4570 at 6pm yesterday.
A merchant said higher US Treasury yields would likely incite offering in Malaysian government securities given the way that yield spreads between Malaysian 10-year government securities and US 10-year Treasuries have contracted to 1.62 rate focuses, the most minimal in almost three months.
Be that as it may, the ringgit was exchanged for the most part higher against other significant monetary forms.
The nearby note ascended against the Singapore dollar to 3.1416/1448 from 3.1490/1529 on Wednesday and versus the yen, it expanded to 3.8900/8952 from 3.9039/9093.
The ringgit acknowledged against the euro to 4.6957/7017 from 4.6991/7048 yet was lower against the British pound at 5.4198/4274 from 5.4145/4219 yesterday.- Bernama
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