KUALA LUMPUR (July 30): The ringgit opened higher against the US dollar on Friday as trading of the greenback remained sideways over the United States’ (US) weaker-than-expected economic data, a dealer said.
At 9.02 am, the ringgit rose to 4.2350/2400 versus the greenback from Thursday’s close of 4.2360/2410.
ActivTrades trader Dyogenes Rodrigues Diniz said although the US dollar has managed to regain some grounds, trading remained sideways as the US gross domestic product (GDP) data came in below expectations at 6.5 per cent versus the forecasted 8.5 per cent.-BERNAMA