Ringgit continues downtrend at today’s opening


Modified 15 Mar 2016, 1:32 am

The ringgit continued its downtrend against the US dollar today, weighed on by weaker oil prices, dealerssaid.

At 9am, the ringgit was quoted at RM4.1190/1250 to the US dollar, from RM4.1010/1070 at yesterday's closing.

The global benchmark, Brent Crude, was down 73 cents or 1.81 percent to US$39.66 per barrel yesterday, after gaining four percent last week.

Meanwhile, the ringgit was mostly weaker against other major currencies.

It was lower against the Singapore dollar at RM2.9880/9941 from RM2.9825/9884 yesterday and weakened against the yen to RM3.6157/6219 from RM3.6107/6163.

However, the local unit appreciated against the British pound at RM5.8786/8893 from yesterday's RM5.8812/8915, but eased against the euro to RM4.5709/5792 from RM4.5574/5658.

- Bernama