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KUALA LUMPUR: The ringgit opened slightly higher against the US dollar this morning after the greenback weakened due to the lower United States (US) I *** Manufacturing Purchasing Managers Index (PMI) data.
At 9.02 am, the local currency stood at 4.4520/4550 versus the greenback compared to Monday's close of 4.4529/4540.
ActivTrades trader Dyogenes Rodrigues Diniz said the I *** Manufacturing data for July 2022 eased to 52.8 from 53 in June.,
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"However, the data came higher than expected compared to the forecast of 52,” he told Bernama.
Meanwhile, the ringgit was traded mostly lower against a basket of major currencies.
The local currency fell against the Japanese yen to 3.4024/4049 from Monday's close of 3.3735/3753, depreciated versus the British pound to 5.4613/4649 from 5.4524/4548 and eased against the euro to 4.5775/5806 from 4.5695/5716 previously.
However, the ringgit rose vis-a-vis the Singapore dollar to 3.2336/2362 from 3.2345/2364 on Monday. - Bernama