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Ringgit continues downtrend at today’s opening

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