business
Ringgit opens lower against US dollar
The ringgit is mostly weak against other major currencies. – The Malaysian Insider file pic, March 14, 2016. The ringgit opened lower against the US dollar today on a technical correction after registering strong gains last week, dealer said.
At 9am, the ringgit was quoted at 4.0910/0960 against the US dollar from 4.0860/0910 last Friday.
The ringgit's overall stronger performance last week was aided by improving crude oil prices.
The dealer said improving oil prices and positive sentiment on Bursa Malaysia also helped lift the ringgit.
Meanwhile, the ringgit was mostly weak against other major currencies at the opening today.
It was lower against the Singapore dollar at 2.9781/9835 from 2.9656/9707 on Friday, but strengthened against the yen to 3.5902/5961 from 3.5927/5981.
The local unit declined against the British pound at 5.8824/8913 from 5.8275/8366 and eased against the euro to 4.5615/5687 from 4.5400/5471. – Bernama, March 14, 2016.
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