Malaysian Ringgit Opens Flat Against US Dollar

KUALA LUMPUR, Jan 20 (Bernama) -- The Malaysian ringgit opened flat against the US dollar on Friday due to a lack of fresh leads on the currency's short-term outlook, dealers said. At 9.02 am, the local unit was traded at 4.4470/4510 against the greenback, as was the case on Thursday. A dealer said investors remained on sidelines due to growing concerns ahead of the US President-elect Donald Trump's inauguration ceremony on Friday night. The ringgit traded mostly lower against a basket of major currencies, except the British pound. It depreciated against the Singapore dollar to 3.1179/1215 from 3.1172/1211 and slipped against the euro to 4.7418/7465 from 4.7396/7457 on Thursday. The ringgit improved against the Japanese yen to 3.8686/8735 from 3.8818/8856 on Thursday but depreciated against the British pound to 5.4872/4934 from 5.4734/4787. --BERNAMA