KUALA LUMPURMar 9 – The ringgit closed lower against the US dollar today, dragged by weak oil prices and as the greenback rejuvenated prompted by rising US Treasury yields. A dealer said yields improved as the interest rate hike by the US Federal Reserve was imminent next week.
As at 6pm, the local unit stood at 4.4590/4620 against the greenback from 4.4520/4570 at 6pm yesterday. He added that despite crude oil trying to regain its footing after a nasty spill, some investors still perceived Malaysia’s oil and gas exports would be affected. The ringgit finished mixed against other major currencies.
It rose against the Singapore dollar to 3.1377/1416 from 3.1490/1529 on Wednesday and versus the yen, it appreciated to 3.8821/8857 from 3.9039/9093. The local note shrank against the euro to 4.7074/7123 from 4.6991/7048 and was lower against the British pound at 5.4177/4227 from 5.4145/4219 yesterday. — Bernama
Recent Posts
Gallery
