KUALA LUMPUR: The ringgit was lower against the US dollar in early session today as buying sentiment for the local note was hampered by a weaker global oil price.
At 9.10 am, the ringgit stood at 4.1120/1170 compared to yesterday's close of 4.1080/1120.
A dealer said global oil price continued to be weaker as concerns over a global economic slowdown.
“Another reason is the traders were cautious over a slowing economy and the US-China trade dispute,” he said. At the time of writing, benchmark Brent crude was at US$59.77 per barrel.
Meanwhile, the local note traded lower against other major currencies.
It slipped against the Singapore dollar from 3.0367/0411 to 3.0362/0396 on Monday and depreciated versus the euro to 4.6975/7049 from 4.6864/6914 yesterday.
The local unit eased vis-a-vis the Japanese yen to 3.7652/7708 from 3.7547/7594 and fell against the British pound to 5.4052/4139 from 5.4049/4118, previously. - Bernama
At 9.10 am, the ringgit stood at 4.1120/1170 compared to yesterday's close of 4.1080/1120.
A dealer said global oil price continued to be weaker as concerns over a global economic slowdown.
“Another reason is the traders were cautious over a slowing economy and the US-China trade dispute,” he said. At the time of writing, benchmark Brent crude was at US$59.77 per barrel.
Meanwhile, the local note traded lower against other major currencies.
It slipped against the Singapore dollar from 3.0367/0411 to 3.0362/0396 on Monday and depreciated versus the euro to 4.6975/7049 from 4.6864/6914 yesterday.
The local unit eased vis-a-vis the Japanese yen to 3.7652/7708 from 3.7547/7594 and fell against the British pound to 5.4052/4139 from 5.4049/4118, previously. - Bernama
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