KUALA LUMPUR, AUG 17: The Ringgit opened lower today compared to two days ago following a slight decline in global crude oil prices that has dampened local currency sentiment, dealers said.
At 9 am, the Ringgit was at 3.9930/9970 against the US Dollar and was at 3.9830/9880 at the close.
Dealers said that investors were taking profits after recent oil prices reached a-five-week high and uncertain plans by oil producers to freeze supply dragged market sentiment.
The local currency was also lower compared to other major currencies. It strengthened against the Singapore Dollar at 2.9761/9813 from Tuesday’s 2.9748/9803 and rose against the Yen to 3.9692/9743 from 3.9794/9856.
The Ringgit depreciated against the British Pound to 5.2069/2149 from 5.1707/1788 and also against the Euro at 4.5033/5094 from 4.4888/4961.
Ringgit opens lower at 3.9930/9970 against the US Dollar
