Ringgit traded lower against US dollar

The ringgit opened lower against the US dollar in early trading today on profit-taking, dealers said.

At 9.18am, the ringgit was quoted at 3.1535/1565 vis-a-vis to a greenback as compared to 3.1480/1510 yesterday.

A dealer said traders booked profit after the ringgit rose to a one-month high yesterday as the US had reached a deal on their debt ceiling argument.

Meanwhile, the ringgit was mostly lower against other major currencies.

It fell against the Singapore dollar to 2.5417/5443 from 2.5344/5370 on Thursday but appreciated against the yen to 3.2146/2183 from 3.2149/2186 yesterday.

The local unit eased against the British pound to 5.0913/0974 from 5.0664/0725 yesterday and depreciated against the euro to 3.3083/3134 from 4.2908/2955 Thursday