Ringgit opens easier against US dollar

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KUALA LUMPUR (Sept 29): The ringgit opens easier against the US dollar today in tandem with the decline in global crude oil prices.

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At 9 am, the local note fell by 30 basis points to 4.1865/1905 against the greenback from yesterday’s closing of 4.1835/1855.

A dealer said the greenback gained strength on the back of improved United States Treasury yields, which kept Asian currencies — including the ringgit — trading in a narrow range.

At the time of writing, oil benchmark Brent crude eased 1.15 per cent to US$78.18 per barrel.

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Concurrently, the ringgit was traded mixed against a basket of major currencies.

The local note fell to 3.0835/0869 against the Singapore dollar compared with 3.0831/0848 at Tuesday’s close, and depreciated vis-a-vis the euro to 4.8903/8949 from 4.8851/8874 previously.

It strengthened against the Japanese yen to 3.7497/7536 from 3.7577/7599 yesterday and improved against the British pound to 5.6664/6718 from 5.7071/7099 previously. -BERNAMA -The Edge Markets