ID :
422288
Mon, 10/31/2016 - 04:51
Auther :
Shortlink :
https://oananews.org//node/422288
The shortlink copeid
Malaysian Ringgit Opens Lower Against US Dollar
KUALA LUMPUR, Oct 31 (Bernama) -- The Malaysian ringgit opened lower against the US dollar in early trading Monday on a lack of demand and lower oil prices, dealers said.
At 9 am, the ringgit was quoted at 4.2050/2110 against the greenback from the 4.1970/1020 recorded on last Friday.
The lower oil prices is reportedly the result of the Organisation of Petroleum Exporting Countries' (OPEC) internal disagreements over a planned output cut.
The ringgit also fell against a basket of major currencies.
It depreciated against the Singapore dollar to 3.0189/0254 from 3.0080/0126 on last Friday and fell against the British pound to 5.0960/0037 from 5.0960/0037.
The ringgit weakened against the euro to 4.6125/6207 from 4.5777/5848 and rose against the Japanese yen at 4.0128/0204 from 3.9865/9924.
--BERNAMA