Ringgit retreats on falling oil prices


KUALA LUMPUR: The ringgit opened lower against the greenback this morning due to falling crude oil prices amid US President Joe Biden's administration's decision on a record-breaking release of crude oil reserves to tame prices, said an analyst.

At 9 am, the local currency was trading at 4.2100/2140 against the greenback from 4.2025/2055 at Thursday’s close.

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