Malaysian Ringgit Lower In Early Trade Versus US Dollar

KUALA LUMPUR, Oct 27 (Bernama) -- The Malaysian ringgit opened marginally lower against a rejuvenated US dollar on Friday morning, said a dealer. At 9 am, the local unit was traded at 4.2390/2420 versus the US dollar from 4.2325/2355 at 6pm on Thursday. However, the dealer said the local note was traded higher against other major currencies ahead of the 2018 Budget announcement to be tabled by Prime Minister Najib Tun Razak at 3.30pm Friday. "Investors remain optimistic ahead of the budget announcement, especially following Najib's reassurance that it will take into account the interest of all segments of the people," he said. The ringgit rose against the Singapore dollar to 3.0960/0991 from 3.1110/1146 on Thursday and strengthened against the yen to 3.7116/7152 from 3.7228/7268 yesterday. It also improved against the British pound to 5.5637/5693 from 5.5941/5998 and firmed against the euro to 4.9295/9339 from 4.9973/9025 on Thursday. -- BERNAMA