KUALA LUMPUR: “The ringgit traded slightly higher against the US dollar today on improved buying interest and despite a decline in global crude oil prices,” dealers said.
At 9 am, the local unit improved against the US Dollar at 4.4550/4600 from 4.4580/4700 last Friday.
Global crude oil prices declined further amid concerns over the outcome of this week’s Organisation of Petroleum Exporting Countries (OPEC) meeting.
Crude Brent stands at US$46.40 per barrel, down 84 cents, while crude West Texas Intermediate (WTI) fell 74 cents to be at US$45.32 per barrel.
Meanwhile, the ringgit fell lower against other major currencies.
The local unit traded lower against the Singapore dollar at 3.1285/1325 from 3.1090/1191.
It weakened against the yen to 3.9653/9701 from 3.9174/9283 last Friday.
The ringgit was also weak against the euro at 4.7334/7392 from 4.7023/7154, and against the British pound at 5.5576/5652 from 5.5475/5643.
Early trading: Ringgit opens high
