News & Articles RM opens at 4.30 against USD
RM opens at 4.30 against USD
21 Dec 2015
The ringgit opened lower against the US dollar today on weaker demand for the local note and on worries over falling oil prices.
At 9.16 am, the local unit was quoted at 4.3040/3130 against the greenback from the 4.2870/2940 recorded on Friday.
A dealer said while the interest rates hike by the Federal Reserve removed some uncertainty, investors in the emerging markets were focusing on other things like declining oil prices.
The price of the US benchmark crude currently stands at US$35 per barrel level - the lowest in six years.
Meanwhile, the ringgit also traded lower against other major currencies.
It declined against the Singapore dollar to 3.0456/0532 from the 3.0344/0400 recorded on Friday and fell against the yen to 3.5509/5598 from 3.5342/5414.
The ringgit also declined against the British pound to 6.4173/4333 from 6.4039/4161 and weakened against the euro to 4.6789/6904 from 4.6415/6495.
At 9.16 am, the local unit was quoted at 4.3040/3130 against the greenback from the 4.2870/2940 recorded on Friday.
A dealer said while the interest rates hike by the Federal Reserve removed some uncertainty, investors in the emerging markets were focusing on other things like declining oil prices.
The price of the US benchmark crude currently stands at US$35 per barrel level - the lowest in six years.
Meanwhile, the ringgit also traded lower against other major currencies.
It declined against the Singapore dollar to 3.0456/0532 from the 3.0344/0400 recorded on Friday and fell against the yen to 3.5509/5598 from 3.5342/5414.
The ringgit also declined against the British pound to 6.4173/4333 from 6.4039/4161 and weakened against the euro to 4.6789/6904 from 4.6415/6495.
Source: Nst.com.my