News & Articles Ringgit Lower At Opening
Ringgit Lower At Opening
21 Mar 2016
The ringgit opened lower against the US dollar Monday on a technical correction after registering strong gains last week, dealer said.
At 9.08 am, the ringgit was quoted at 4.0700/0750 versus the US dollar from 4.0500/0560 on last Friday.
A dealer said improving oil prices and positive sentiment on Bursa Malaysia last week helped lift the ringgit.
Meanwhile, the ringgit was also lower against other major currencies.
It depreciated against the Singapore dollar to 2.9926/9979 from Friday's 2.9801/9865 and weakened against the yen to 3.6525/6580 from 3.6395/4658.
The local unit slid against the British pound to 5.8816/8904 from 5.8381/8475 and fell against the euro to 4.5885/5958 from 4.5611/5695.
At 9.08 am, the ringgit was quoted at 4.0700/0750 versus the US dollar from 4.0500/0560 on last Friday.
A dealer said improving oil prices and positive sentiment on Bursa Malaysia last week helped lift the ringgit.
Meanwhile, the ringgit was also lower against other major currencies.
It depreciated against the Singapore dollar to 2.9926/9979 from Friday's 2.9801/9865 and weakened against the yen to 3.6525/6580 from 3.6395/4658.
The local unit slid against the British pound to 5.8816/8904 from 5.8381/8475 and fell against the euro to 4.5885/5958 from 4.5611/5695.
Source: Bernama