Ringgit opens slightly lower against US dollar

A customer counts ringgit bills in denominations of 1, 50 and 100 at the service window of a money changer in Kuala Lumpur, 22 July 2005. The Malaysian ringgit was appreciating gradually in cautious trade 22 July after the Malaysian central bank responded to China’s yuan revaluation by scrapping the dollar peg in favour of a managed float. AFP PHOTO/TENGKU BAHAR