Ringgit opens flat against US dollar

 Publish date: Fri, 25 Sep 2020, 10:09 AM

KUALA LUMPUR: The ringgit opened flat against the US dollar today amid the cloudy local political scene and a weaker greenback, said an analyst.
At 9am, the local note remained unchanged at 4.1660/1710 as at Thursday's close.
AxiCorp chief global market strategist Stephen Innes said the ringgit, however, could trade more favourably in the days ahead on anticipation of better oil prices and news that Malaysian bonds will remain on the watch list of the FTSE Russell's World Government Bond Index (WGBI).
Against other major currencies, the ringgit traded lower. 
It eased against the Singapore dollar to 3.0278/0319 from Thursday's close of 3.0252/0299, and declined against the British pound to 5.3125/3193 from 5.3075/3155.
The local currency dropped against the euro to 4.8596/8671 from 4.8488/8563, and fell versus the yen to 3.9473/9532 from 3.9522/9584.
 - Bernama


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