KUALA LUMPUR: The ringgit was slightly lower against the US dollar this morning on concerns over slowing global growth and weaker oil prices.
At 9.11 am, the local note stood at 4.1770/1810 against the US dollar from 4.1700/1750 at yesterday’s close.
A dealer said worries about slowing global growth and lower oil price turned investors’ interest towards the greenback.
“The benchmark Brent crude oil futures settled 2.76% lower at US$59.97 a barrel, while US futures fell 3.06% to US$51.00 a barrel,” he added.
Meanwhile, the ringgit traded higher against other major currencies.
It rose against the Singapore dollar to 3.0398/0438 from 3.0431/0470 on Monday and was higher against the yen at 3.6929/6971 from 3.6991/6039.
It improved against the pound to 5.2492/2547 from 5.3059/3139 and appreciated against the euro at 4.7447/7500 from 4.7588/7649. — Bernama
