RM opens lower against USD

Publish date: Fri, 19 Feb 2016, 02:50 PM

KUALA LUMPUR: The ringgit opened lower against the US dollar today on a sell-off following another slip in global crude oil prices.

At 9.10 am, the local unit was traded at 4.2000/2100 against the dollar from yesterday's close of 4.1670/1730.

"US oil futures fell in early Asian trade on Friday to near US$30 per barrel again on continuos concerns about global oversupply.

"This prompted profit taking on the ringgit and squaring (of positions) towards the weekend," said a local trader.

The local note also traded lower against other major currencies this morning.

It went down against the British pound to 6.0169/0338 from Thursday's close of 5.9467/9574, and softened against the yen to 3.7221/7326 from 3.6646/6715.

The ringgit was lower against the Singapore dollar at 2.9857/9947 from yesterday's close of 2.9675/9724, and weakened against the euro to 4.6712/6840 from 4.6387/6462. --BERNAMA

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goreng_kaki

Keep lasai to 4.5, huat ah

2016-02-19 13:47

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