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Ringgit hits 4.7 in early trade, lowest this year

It slid to 4.7050/7095 against the US dollar, compared to 4.6890/6940 recorded on Sept 19.

Staff Writers
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The ringgit has fallen to its lowest level against the US dollar this year.
The ringgit has fallen to its lowest level against the US dollar this year.

The ringgit fell to its lowest level against the US dollar this morning, sliding to 4.7050/7095 from yesterday's close of 4.6875/6915.

It also traded lower against other major currencies, easing against the euro at 4.9694/9742, the pound at 5.7147/7202 and the yen at 3.1573/1605. 

The previous low was recorded on Sept 19, when it fell to 4.6890/6940 against the US dollar.

The ringgit also went down against the Thai baht to 12.9038/9211, the Indonesian rupiah to 303.6/304.1, the Philippine peso to 8.25/8.27 and the Singapore dollar to 3.4353/4391.