Friday, 02 Jul 2021 09:53 AM MYT
At the opening, the ringgit was traded mostly lower against a basket of major currencies. Picture by Hari Anggara
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KUALA LUMPUR, July 2 The ringgit opened lower for the fourth consecutive day against the US dollar this morning after a decline in Malaysia s Manufacturing Purchasing Managers Index (PMI) coupled with lower oil prices weighed on the currency, a dealer said.
At 9.02am, the local note fell to 4.1635/1660 versus the US dollar from 4.1575/1600 at Thursday’s close.
The IHS Markit headline index dropped sharply to a near series low of 39.9 in June 2021 from 51.3 in the previous month, reflecting the stricter COVID-19 containment measures.
Purchasing Managers Index (PMI) slid to 48 1 in June: IHS Markit
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