Ringgit weakens vs Singapore dollar after touching 2.9976

Ringgit weakens vs Singapore dollar after touching 2.9976
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KUALA LUMPUR (Jan 9): The ringgit depreciated against the Singapore dollar today, after appreciating to 2.9976 yesterday. The depreciation was in tandem with a weaker ringgit versus the US dollar.  

Compared with the Singapore dollar, the ringgit depreciated to 3.0071 at 11:01am. The exchange rate was between 3.0007 and 3.0093 so far today. 

Against the US dollar, the ringgit weakened to 4.0025 at 11:02am, after trading between 3.9985 and 4.0065 so far today.

Socio-Economic Research Centre executive director Lee Heng Guie told theedgemarkets.com that the "ringgit has weakened against the US dollar, hence, the ringgit had also depreciated against the Singapore dollar."